Building Confidence in Credit Markets: Privacy-preserving technology that enables real-time credit analytics and powers transparent and efficient markets.
We are delighted to announce that we have raised $8 Million in Series A funding. A huge thank you to our major investors
@coinbase
,
@CapitalHashkey
&
@TheSpartanGroup
, and all of our investors who have enabled us to reach this momentous milestone
Credora: The Credit Oracle formerly known as X-Margin
All the same privacy-preserving technology power credit evaluations and real-time risk monitoring with a new name aligning with our long-term vision for more transparent and efficient crypto lending.
X-Margin is a Zero Knowledge Calculation agent, allowing you to trade and net risk across multiple venues with one pool of funds, held at the custody solution of your choice.
Sign up:
Telegram:
UXD Protocol is the first DAO to utilize the transparent Credora Maple pool to earn sustainable yields on their reserve assets. UXD’s insurance deployed $7m of their $55m reserve with a diversified set of creditworthy borrowers who are risk monitored in real-time.
Credit Risks are quickly becoming the primary market concern, following the Celsius news and the possibility of contagion to other market participants who are leveraged, illiquid, or insolvent.
@xmargintrading
is excited to be teaming up with
@maplefinance
as the pool delegate for their first Solana lending pool. Maple and
@solana
continue to push crypto into new frontiers and we are happy to be a part of that growth! 🚀🚀🚀
MAPLE SOLANA IS NOW LIVE.
With partners
@xmargintrading
@circlepay
@CoinSharesCo
and Solana natives, we start with $45M to issue uncollateralized to the thriving
@solana
ecosystem.
By EOY we will grow this pool to $300M, and issue $1BN loans through Maple Solana.
🚨New Borrower Pool Alert! 🚨
🚀 The pool has been launched on the
@0xMantle
Market by
@Arbelosxyz
— a digital assets trading firm
🌟 During the boosted yield campaign, users can lend $USDT to Arbelos Markets and earn extra $MNT rewards in addition to interest paid by the…
Congrats to
@maplefinance
for exceeding $1BN in loans in just 10 months! Undercollateralized DeFi lending is in the early innings and has huge potential. Maple builds an open and seamless infrastructure that encourages transparency. Excited for what's next!
So the team at
@xmargintrading
has been quiet lately, but we've been quietly building something we think revolutionizes the way credit is extended in crypto markets and beyond 1/14
X-Margin's platform worked as intended-we originally provided a rating and borrow capacity for TPS with the data provided, and before any concerns regarding 3AC. As soon as that data changed (last weekend) we downgraded them to a B, and changed their borrow capacity to *zero* 1/3
As the equity market scrambles to unravel what's behind the massive block unwinds, it's becoming clear that Archegos is the fund behind the activity, and its unveiled some of the systemic risks that are present in financial markets today.
1/12
X-Margin is live! Net your risk across multiple counterparties, settle trades automatically, all whilst your funds are secure in your custody.
This is the first step to transforming the way clearing is done, and we're excited to be getting started.
There is still strong demand for secure and transparent lending, which led to us increasing the cap of X-Margin's
@maplefinance
pool to $80M and issue $8M in loans to
@folkvangtrading
and
@ledger_prime
.
A thread about $GME and Robinhood (how original!), but let’s focus on the fundamental issues with the plumbing of traditional finance.
Credit to
@compound248
for articulating this better than most.
1/14
Dear Media,
What’s happening with RobinHood?
A quick primer.
This is a “plumbing” issue. It is esoteric, even for those on Wall Street.
A very long thread on how the toilet is clogged.🚽🧻🪠
Read on
👇👇👇💎💎💎🚀🚀🚀👇👇👇
We have high confidence - backed by data - that
@wintermute_t
will pay outstanding liabilities at maturity and is capable of absorbing additional debt.
Great to see the collaboration of our partners
@ClearpoolFin
and
@idlefinance
! Idle provides Lenders additional risk-reward options in the undercollateralized credit space. Metrics from Credora will be factored into Idle's risk framework.
Credora reduced the lock-up period for the
@maplefinance
Solana pool following recent Maple support for open-term loans, making it one of the most liquid, diversified, and transparent credit pools in DeFi.
Grateful to be mentioned in this report by
@jumpcapital
about the crypto credit market.
X-Margin has facilitated over $60m of loans to trading firms, reducing risk for lenders and keeping traders' data private!
Exciting collaboration for the credit space
@idlefinance
X
@ClearpoolFin
A complete risk-return spectrum is key to attracting diverse capital allocators. DeFi continues to innovate and grow.
New $USDC & $DAI Yield Tranches are here: making
@ClearpoolFin
uncollateralized loan markets risk-adjusted 🔥
▶️ These strategies deploy funds into Portofino Technologies’ liquidity pool, rated 🅰️ by
@CredoraPlatform
👇🧵
Credora took the extraordinary but prudent step last week to immediately call back loans to its
@maplefinance
Pool given the risk posed by the fallout from FTX.
Hope you get a chance to check out the conversation our CEO
@darshanvaidya
had with
@AcalaNetwork
, and the work being done to bring secured yields to Bitcoin
Credora: FTX/Alameda Update on the Credora
@maplefinance
Pool
There is no direct exposure to Alameda Research and we expect all borrowers to fully repay outstanding loans. 1/n
Uncollateralized lending in the crypto ecosystems is vital for its continued growth. X-Margin's privacy-preserving technology enables for healthy credit markets even in times of high volatility, increasing transparency and access to capital.
"If we can provide privacy-preserving ways to provide both CeFi and DeFi providers with access to on-chain data about our capital and our transactions, that could lead to credit provisioning that's FAR more efficient..."
@jerallaire
CEO of
@circlepay
@xmargintrading
is thrilled to partner with
@Maven11Capital
for their new $wETH pool on
@maplefinance
. Together we are driving towards the future of crypto borrowing and lending, and more efficient capital markets! 1/n
X-Margin is working hard to help our partners through volatile periods, validating in real-time that borrowers are healthy. In our work with
@ClearpoolFin
, we aim to support more efficient and transparent credit markets
How have the borrowers on Clearpool been handling the UST/LUNA situation? Just fine!
A thread..
All current borrowers on Clearpool are leading market makers. None of them have been negatively impacted by the UST/LUNA situation.
1/3
We are thrilled to have provided the credit score for this on-chain debt issuance on
@obligatecom
by Metavisio, a publicly listed company. A huge step forward for the space!
Obligate has issued a landmark digital bond for Euronext's Metavisio (Thomson Computing). A first for public companies, this USDC issuance on
@0xPolygon
PoS bypasses traditional banks!
@circle
@CredoraPlatform
#DigitalFinance
Inbound transfers for Cryptex Finance (CTX), Dia (DIA), Maple (MPL), Pluton (PLU) & Unifi Protocol DAO (UNFI) are now available on
@Coinbase
and
@CoinbaseExch
in the regions where trading is supported. Trading is not enabled at this time.
📢 Clearpool v2 is here! 📢
We never stop building at Clearpool and we are excited to be launching this upgrade which brings multiple benefits to the protocol and ecosystem.
Read more 👇
$CPOOL
@CredoraPlatform
is proud to be a
@maplefinance
Network Partner and honored to have been part of the journey so far. We're looking forward to working with you to build a more transparent and data-driven lending market
Meet Maple's Network Partners 🤝
From friction-free wallets to secure custody, and accounting and tax support, Network Partners facilitate Maple’s institutional customers at every step of their journey 🧵👇
We are thrilled to be partnering with
@Polytrade_fin
to provide their RWA marketplace with dynamic and institutional-grade credit ratings.
@Polytrade_fin
is a leader in the tokenized RWA space, and opening access to diversified yield opportunities.
Excited to announce our partnership with
@clearpoolfin
!
"Our partnership with X-Margin will be the catalyst to data-driven credit markets.. It’s a major advance in the maturity of crypto and DeFi markets”
@Rob8830
The
@maplefinance
|
@solana
USDC lending pool launched the other week is nearing our current $40m capacity! We want to share why the pool's risk monitoring is unique and the driving force behind continued growth...
Credora is delighted to partner with
@acalaplatform
to launch transparent, bankruptcy remote and compliant secured lending vehicles for Bitcoin through Polkadot Staking.
Credora clarifies how our platform and services are used across the on-chain credit ecosystem in our post below.
To reiterate, Orthogonal Trading was not fully set up on our platform and not monitored by lenders using our infrastructure.
Private credit issuances continue to grow on-chain, leveraging the transparency and disintermediation that blockchain infrastructure offers. In an increasingly open and accessible digital credit market, Credora is committed to working with our partners
@maplefinance
@ClearpoolFin
…
Credora has historically monitored a significant % of
@wintermute_t
’s assets in real-time, and today monitors over 80% of their current assets across CeFi, Self Custody, and Custody Provider accounts.
@CredoraPlatform
is excited to partner with
@ribbonfinance
to provide credit evaluations on the borrowers participating in their Earn Vaults that utilize lending and options to enhance yields.
Credora was not used to monitor or assess
@OrthoTrading
. We never published a rating on Orthogonal Trading, and the Credora Maple pool never extended credit to Orthogonal Trading. 1/4
Where We Are:
Credora is a technology company that enables superior credit risk management in crypto and ultimately traditional markets. Our product facilitates comprehensive and real-time counterparty credit risk assessments using provably private and neutral infrastructure.
@CredoraPlatform
is excited to partner with
@dammfinance
to provide credit evaluations on their participating borrowers in dAMM’s efficient credit lending pools across a large selection of crypto assets.
Finally got part of the
@xmargintrading
team together IRL. We had a blast in Portugal with the team that has been working hard for the past few years. Excited about where we are going and what lies ahead!
1/6
@Idlefinance
Yield Tranches based on
@ClearpoolFin
are now live on Instant Lend!
The Lending Marketplace on the Credora platform aggregates market activity across bilateral loans and protocols, providing lenders data for informed lending decisions.
The credit markets are picking up! Congrats to
@ClearpoolFin
on the addition of
@FasanaraCapital
as a new borrower. Behind the scenes,
@CredoraPlatform
systems continue producing real-time credit evaluations, driving security and transparency in DeFi lending space.
We are really excited to be working with XBTO, a company that's at the forefront of technological change, and a leader in crypto trading and infrastructure. Together, we're looking to use zk technology to disrupt the way derivatives are margined and settled
@xbtogroup
XBTO Ventures is excited to lead X-Margin's seed round🌱X-Margin is transforming the way derivatives are margined, and data is kept private using zero-knowledge technology to disintermediate traditional clearing
@xbtogroup
@xmarginclearing
#VentureCapital
Following the hack, the rating was quickly revised from AA to A, reflecting the financial impact (borrow capacity reduced to $0). Today, the score was revised higher as a result of further visibility, and the rating remains an A (borrow capacity increased to $223m).
Exciting insights from our CEO
@darshanvaidya
in his interview with
@davidprosserind
in
@Forbes
about Credora's recent funding round and the need for transparency to build confidence in credit markets. Check it out!
Our Head of Credit,
@FinanceChai
, wrote about the growth of the Alternative Credit sector, how we see that intersecting with on-chain finance, and how they complement each other in terms of transparency and access
The Credora Maple pool issued it’s first Open Term loan of $4m USDC to Ledger Prime. Maple keeps expanding their product offerings and we are excited to grow with them, extending loans to creditworthy borrowers.
2/ Open-Term Loans on Maple
@Solana
▪️ Recallable at any moment
▪️ Increased capital efficiency
▪️ Built for institutions
▪️ Differentiating feature for Maple Solana
@XMargintrading
is excited to be the launch partner of Maple Solana, acting as pool delegate for the first
@maplefinance
@solana
Lending Pool!
We are thrilled to be helping launch the lending pool on the
@maplefinance
to offer efficient credit markets for institutions. 1/N
Come listen to our CEO
@darshanvaidya
discuss credit scoring in the growing
#DeFi
uncollateralized loan market - alongside our friends and partners below!
Register to Attend @
Although the methodology considers custody infrastructure and operations, it cannot predict hacks. The fact that
@wintermute_t
retains an A rating after a material financial impact, is validation of the prior AA rating.
Delighted to be an official partner of
@BitMEX
!
As X-Margin facilitates credit for trading across CeFi and DeFi, partnering with top trading venues like BitMEX allows X-Margin to give lenders a more complete picture of a borrowers risk, with more control of the borrowed funds!
Today, we are thrilled to announce phase two of the BitMEX Partner Programme with the addition of 17 new firms into the BitMEX ecosystem. Read more here:
Lending with Clearpool
With
@ClearpoolFin
now launched on
@Polygon
we decided to share our thoughts on why we invested in, lend on, and are bullish about Clearpool’s decentralized institutional lending platform. *DYOR* (1/35)
Fascinating thread from
@KyleSamani
, well worth a read
We agree that for DeFi (and CeFi) cross margin and credit can be facilitated by an oracle that can facilitate provably accurate risk calculations of a trader's portfolio
Credora's funding round announcement is here and we couldn't be more excited! This investment will allow us to further build institutional rails for credit and enhance our private computation technology to better serve borrowers.
1/5
@CredoraPlatform
is excited to participate as an Oracle for the interest rate pricing mechanism, helping ensure competitive rates for Lenders and Borrowers.
📢 Clearpool is pleased to announce that staking is now LIVE! 📢
By staking $CPOOL, you can now earn attractive yields while also participating in securing the interest rate pricing mechanism.
Stake here👇
Learn more 👇
Thrilled to announce our collaboration and strategic partnership with
@HarukoTech
. Data-driven, real-time credit analysis depends on institutional grade data sources.
We are monitoring the
@wintermute_t
situation, and they have been open and communicative with us. The credit score was modified in a conservative manner to reflect the change in financial position.
In the last thread looked at how clearing works today, and why that led to some of the issues with $GME and RH.
Let's delve into our vision of how this could be improved. 1/19
A thread about $GME and Robinhood (how original!), but let’s focus on the fundamental issues with the plumbing of traditional finance.
Credit to
@compound248
for articulating this better than most.
1/14
Listen to our CEO
@darshanvaidya
and
@MattWalshInBos
discuss all things credit and risk management in the crypto space. They cover the impact of last year's high profile failures, and how the market has evolved since. Big thanks to the team at
@OnTheBrinkCIV
!…
Excited to be working with
@plumenetwork
on their vision for bringing RWA on-chain.
@CredoraPlatform
helps make the risk of on-chain issuances more transparent with dynamic credit ratings. DM us to learn more!
Our Ecosystem Map is now live!
With over 45+ projects deployed on our private testnet, Plume is a thriving ecosystem with top-tier RWA projects and infra providers like
@CelestiaOrg
,
@PolyhedraZK
, and many more!
With so many different asset classes ranging from synthetics,…
We are excited to be one of the 10 start ups selected by the FIA to participate in the 2021 Innovators Pavilion. If you will be in Chicago, please reach out. It would be great to connect!
Credora & Maple USDC Pool
Risk-adjusted returns between 9-12% across a diversified and actively risk-managed set of borrowers who have all provided real-time risk monitoring…
Our partners utilize
@CredoraPlatform
privacy-preserving credit evaluation and real-time risk monitoring, laying the foundation for efficient credit lending in crypto. Thanks to all our partners for their support
We worked swiftly with
@ClearpoolFin
to ensure that TPS repaid outstanding loans, resulting in *no losses* for Clearpool lenders. This is generally our point - credit risk can change quickly, and it requires ongoing monitoring to actively track that and prevent losses 2/3
In less than a week, loans were called back and all repaid in full, demonstrating a high degree of transparency and liquidity. Credora will reprice risk and reallocate funds once the market settles.
Great working with
@adaptivefront
and
@ClearpoolFin
to generate this dynamic credit rating. If you're looking to access capital in crypto credit markets, send us a DM for a third-party credit assessment
🚨New Borrower Pool Alert! 🚨
🚀 The pool has been launched on the
@0xMantle
Market by
#AdaptiveFrontier
— a crypto-native trading firm and liquidity provider.
🌟 During the boosted yield campaign, users can lend $USDT to Adaptive Frontier and earn extra $MNT rewards in…
Given recent market events involving Celsius, Three Arrows Capital, Voyager, and others, transparent credit scoring will be vital for functioning and efficient capital markets in crypto. X-Margin is publishing its latest credit score methodology!
Huge step forward from
@ClearpoolFin
! Credit Ratings are a crucial part of debt market structure, and a basic requirement for pricing debt instruments. Credit spreads help to signal and quantify risk for lenders, making credit markets more efficient.
👀 ICYMI - The Credit Risk Premium (CRP) was recently upgraded to Clearpool’s interest rate mechanism.
Below is a demonstration of how Ym will be impacted by the CRP depending on a borrower’s
@CredoraPlatform
rating.
$CPOOL
1/2
1/4 Credora has been busy the last few months, getting ready for the next wave of on-chain private credit! We've redesigned our platform to offer a simplified experience, accelerating the delivery of thorough Credit Assessments.
We agree, the next wave of growth in DeFi will be in reliable scoring of credit with recourse. X-Margin can capture offchain and onchain data in real time, in a *privacy preserving* and cryptographically provable way, allowing on chain pools to accurately assess credit
Thanks
@Melt_Dem
for this really insightful look at what we do. Meltem has seen the vision clearly from day 1 and been instrumental in helping us get to this stage. Looking forward to the HUGE stuff coming next! 🚀🚀
1/ our
@CoinSharesCo
portfolio co
@xmargintrading
just launched a privacy-preserving credit management network - effectively the first step towards building a decentralized clearing house and margining network
the future of prime brokerage (PB) is decentralized... a thread 👇🏾
Credora is excited to be partnering with
@cega_fi
who is bringing derivatives on-chain. Credora will provide credit evaluations on their participating market makers through our privacy-preserving credit risk oracle.
New potential lending experiments:
1) under-collateralized lending based on zk-proofs of off-chain collateral (& tie to KYCd onramp)
2) loans using social-based NFTs as collateral
3) DAO-focused loans
If you're building in the lending space, don't hesitate to reach out!
@xmargintrading
downgraded Zigzag's credit rating from BB to C. Available information and risk monitoring indicates a material change to creditworthiness, according to X-Margin's methodology. 1/5
X-Margin and
@FireblocksHQ
unlock portfolio lending for institutional trading of
#DigitalAssets
, enabling financial institutions to source credit for cross exchange trading without revealing positions and other sensitive information to lenders.
The Credora team had an awesome couple of days at our offsite in Barcelona 🇪🇸! We have started 2024 with an exciting roadmap, and a team that's more united than ever. Pumped for what we can do together next year!
Nice thread from
@thamsuppp
on undercollateralized lending in crypto across our partners
@ClearpoolFin
,
@ribbonfinance
and
@maplefinance
. Credora continues to lead the way in providing a way to neutrally and privately quantify a borrower's risk.
Undercollateralized lending protocols are not mentioned enough in the world of DeFi - they offer a path forward to genuine real-world crypto adoption, at a time when all of crypto seems to be collapsing. Get better yields, with better risk management - A 🧵
What We Saw: FTX collapsed into bankruptcy in nine days. During that time, Credora actively modified the value of FTX exchange equity to account for the changes in the market and reassess the creditworthiness of the borrowers on the platform.