Credmark, a decentralized risk modeling platform, partnered with API3, an oracle company. The partnership will aid Credmark in its initiative to provide retail users with data integrity and institutional-grade risk tools.
Credmark began as a crypto data company and evolved into a platform that addresses integrity issues in DeFi through aggregating and normalizing data. Their CMK token will be used to govern network parameters, incentivize model developers and other contributors, and secure the system via staking lockups.
Credmark has been focused on solving data interpretation issues in DeFi while building retail-focused risks tools on top of its transparent, provable data later. Its value proposition has completed a $5.5 million raise with advisors from Moody’s, FICO, Bancor, and coinbase. The Credmark platform seeks to answer difficult issues within the DeFi space, including data integrity and risk modelling. The team behind API3 is a strategic fit as they are likewise passionate about improving the openness and accessibility of the ecosystem.
The management of risk is the key to accelerating credibility, acceptance, and business continuity. Credmark plans to provide the rapidly emerging user space and defi products a market of risk models to easily calibrate and manage their optimal portfolio. This service is essential in the objective of scaling the ecosystem and standing against the competitive, centralized solutions.
Down the line, the Credmark project intends to initiate a new version of the token launch strategy. This will be accomplished through a Liquidity Swap Drop, which takes advantage of the new features of Uniswap V3. By utilizing the elements involved with maximizing capital efficiency on V3, Credmark seeks to create an IDO launch which implements their own risk models to lessen the downside risk on its native Token, CMK. Furthermore, Credmark plans to release a Unisawap V3 portfolio management tool for retail users that uses their own proprietary risk models.