Libra Credit $LBA

Libra Credit is a democratic lending ecosystem that leverages the Ethereum blockchain to provide credit access to users anytime and anywhere. The global initiative of Libra Credit is aimed at expanding financial inclusion and reducing the costs of financial services. The platform is powered by a unique combination of big data, AI-based credit assessment technology, and extensive global partnership networks. The ultimate goal of Libra Credit is to streamline the digital lending process, which includes steps such as application, verification and credit assessment, confirmation, collateral deposit, and disbursement.

Core Features and Mechanisms

Libra Credit's platform employs a dual-credit risk scoring mechanism that factors in both the creditworthiness of the pledged collateral and the borrower's credit information. Borrowers have the option to pledge any crypto assets as collateral and can receive loans in their preferred asset. The platform leverages smart contracts and a proprietary system for collateral valuation and liquidation to secure agreed terms amongst borrowers, lenders, custodians, guarantors, and liquidators.

About the Team

Libra Credit was established in 2017 in San Francisco, USA, and is supported by investors such as FBG Capital, GBIC, DHVC, Dekypt Capital, Crypto Parency, and more. Lu Hua, the Co-Founder & CEO of Libra Credit, has vast experience in industries such as payments, financing, and risk management. He was the former CEO of moKredit, a leading digital credit servicing company in China. Dan Schatt, Libra Credit's Co-Founder & COO, has previously held positions as the Chief Commercial Officer at Stockpile Inc., a renowned fintech company, and as General Manager of Financial Innovations at PayPal. The role of Chief Scientist is held by Howard Wu, a blockchain and cryptography expert, who is also a Founding Partner of Dekrypt Capital and Software Engineer at Google. Howard Wu provides technical advisory to the project and holds a Master's degree in Electrical Engineering and Computer Sciences from UC Berkeley.

Competitive Landscape

With numerous blockchain lending projects already in existence, Libra Credit faces stiff competition. The development progress of Libra Credit is still in the early stages compared to its competitors, with areas such as the crypto-to-crypto lending component appearing to be more developed than the crypto-to-fiat part. However, according to the