Creditlink Joins Forces with WeNode to Advance Onchain Credit Market, DeFi Applications

Wenode, an AI-driven Depin infrastructure, has announced a strategic partnership with Creditlink, an AI-driven credit protocol on the chain.

Wenode is a decentralized calculation network with expertise in converting inactive personal computer power around the world in AI and web3 infrastructure.

On the other hand, CreditLink is a decentralized credit infrastructure platform that is designed to develop credit identities on chain, using AI-driven rating and digital assets. It offers creditworthiness on chains with which people have access to a higher liquidity in Defi with the help of their virtual assets.

This alliance is a symbiotic relationship that wants to improve the evaluation of creditworthiness and to broaden the possibility of Defi -credit and to develop stronger and more reliable decentralized applications in web3.

Wenode’s role in the collaboration

Defi -loan and loans is a crucial part in the web3 landscape, so that people can use their digital assets to gain access to larger investment options.

Defi platforms enable people to borrow assets to others and earn interest in exchange, while others borrow assets by offering collateral. These platforms function among themselves, where smart contracts are used to make trade possible. However, these systems experience challenges, especially when evaluating the repayment capacity of borrowers.

Creditlink has collaborated with the Depin infrastructure, Wenode, to tackle this problem. The Depin van Weneze uses blockchain technology to provide a system with electricity that supports physical assets, making the network of Creditlink able to assess the creditworthiness of people based on data from practice.

The Depin makes it possible to collect reliable data related to the financial behavior of people and asset management. This data includes things such as asset property, transaction history and off-chain aspects such as income verification.

By using the decentralized identity system, CreditLink uses data generated from the Depin van Weneke to develop creditworthiness in the chain without infringing privacy. This approach offers a more complete picture of people’s financial behavior outside their cryptocurrency interests.

The AI-AI system of De Wenete also enables CreditLink Smart Contracs to automatically evaluate creditworthiness on the basis of predetermined parameters, so that the need for manual intervention and decreasing bias is minimized.

By making assets, CreditLink uses the Depin system to enable people to use their RWAs as collateral, thereby improving their ability to gain access to Defi and to take out further investment options.

Unlock credit in Defi

With the help of this partnership, credit link bridges that are intensive between different Defi platforms. Due to the recording with the Depin, it can perform a powerful system that borrowing Defi and ecosystems reliably and grows.

Firstly, this partnership helps to streamline the user experience in Defi. With the integration, borrowers can smoothly give the collateral and obtain loans, depending on their evaluated creditworthiness. On the other hand, money lenders can invest with confidence, knowing that the Defi platforms are supported by reliable data.

The Alliance is also part of efforts to improve the security and trust of users in Defi. With Wenode’s Depin steeped in Creditlink’s ActivaViation and decentralized identity network, the risks that can influence borrowing and lending are enormously controlled. People can also have faith that their trading activities are protected and that the evaluations of creditworthiness are based on reliable and controlled data.

Finally, the partnership of Creditlink encourages the interoperability with other decentralized financial platforms. This can contribute to advanced investment offers that use a greater variety of data feeds for creditworthiness and risk evaluation.