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Credefi is now using ChainPort for Binance Smart Chain and Major Interoperability

Maximiliano Stochyk Duarte 23 70

Via Medium

Credefi is now using ChainPort for Binance Smart Chain and Major Interoperability

Credefi is now part of the growing ChainPort ecosystem, Credefi understands the importance of interoperability and we are really happy to have the amazing team at Credefi using ChainPort. By using…

TL;DR;

  • Credifi is porting their native token $CREDI to Binance Smart Chain using ChainPort
  • CREDI will also have an LP available via TokensFarm.com
  • Credifi is a p2p lending platform bringing the best from decentralized finance and traditional finance to one single platform.

Credefi is now part of the growing ChainPort ecosystem, Credefi understands the importance of interoperability and we are really happy to have the amazing team at Credefi using ChainPort.

By using ChainPort to port their Ethereum native token to Binance Smart Chain they are now able to trade on PancakeSwap where most of the retail volume is due to the low fees compared to Uniswap and Ethereum fees.

Credefi is changing the lending ecosystem by providing an advanced peer 2 peer (P2P) lending platform with a hybrid mix between DeFi and CeFi.

Useful Links:

Port CREDI to Binance Smart Chain

Credefi Website

About Credefi

Credefi is a first mover in the DeFi space connecting crypto lenders and SME borrowers from the real economy. Credefi’s platform enables decentralized and secured lending to portfolios of business projects or individual companies, protecting lenders while providing them fixed APY.

The protocol resolves the key challenges that DeFi and TradFi are facing today: DeFi’s inconsistent, fragile yields that evaporate in bear markets and speculative borrowers that are fickle and cannot satisfy DeFi lending supply; as well as the difficulty for SMEs to get TradFi funding at normal interest rates.

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About ChainPort

ChainPort is one of the first permissionless bridges between blockchains. Anyone can freely use ChainPort’s highly interactive user interface to port tokens over different blockchains. ChainPort provides a bridge between Ethereum, Polygon, Binance Smart Chain (BSC), and Avalanche, with more blockchains to be added soon.

With so many blockchains in the space right now, interoperability is considered the most important route for the future. ChainPort aims to have fully operable bridges between all the EVM compatible networks and Non-EVM in 2022. Any token ported over from various blockchains using ChainPort is fully operable and can interact with any DApps on the Networks.

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