Details

A credit score is a numerical representation of a person's creditworthiness and is used by lenders to evaluate their ability to repay loans. Maintaining a good credit score is essential as it can lead to a number of benefits. First and foremost, having a good credit score makes it easier to obtain loans, credit cards, and other financial products with favourable terms and lower interest rates.

Here's how!

Gateway issues each of our community members a Credit Score Credential by calling the Cred Protocol API. Cred’s API is a powerful tool that can help aggregate and assess a wallet’s credit history. From total holdings, to current and outstanding debt/collateral positions. Gateway's credential data is based off of the “Summary” function of Cred's API.

Why?

In the future credentials will be used to empower your DeFi experience.

This includes: