The $145 trillion credit market does not move onchain all at once. It moves one verified agreement at a time.
Demo June 11, Novelty Search at the Bittensor Discord, 5 pm EDT.
Credit is the most powerful financial tool in the world, but it's also the most gatekept.
Banks decide who gets access and who doesn't, and the system was built to keep most people out.
Zipcode Finance is bringing credit onchain: any lender, any credit product.
On June 11,
That is what Zipcode Finance is building.
A borrower proves their agreements onchain, and capital is released.
Any lender, any credit product, any asset class.
Credit is the largest financial market in the world ($145 trillion globally), and almost none of it is onchain.
The liquidity exists.
The protocols exist.
The assets are being tokenized faster than ever.
But the gap between what exists onchain and what exists in the real-world credit market remains enormous.
The reason is the process 👇
This week, @const_reborn speaks with @sebyrubino#SN46@zipcodenetwork building accurate property appraisal models on Bittensor.
SN46 Miners submit models ~30 days before evaluation;
evaluation uses properties listed and sold within the last 30 days - ensuring models are tested
Credit is the most powerful financial tool in the world, but it's also the most gatekept.
Banks decide who gets access and who doesn't, and the system was built to keep most people out.
Zipcode Finance is bringing credit onchain: any lender, any credit product.
On June 11, we're showing the first loan live for the first time.
Bittensor Discord, 5 pm EDT with @const_reborn.
This week, @const_reborn speaks with @sebyrubino#SN46@zipcodenetwork building accurate property appraisal models on Bittensor.
SN46 Miners submit models ~30 days before evaluation;
evaluation uses properties listed and sold within the last 30 days - ensuring models are tested on data they couldn't have seen
Novelty Search E076
>> Live via Bittensor Discord
Sellers delisting their properties is very common before a market pullback.
This is the part where buyers should be preparing their income and credit in order to capitalize.
When the music always stops, Zipcode makes sure you have a chair.
US home sellers are retreating from the market:
Delistings as a proportion of all US home listings rose to 5.8% in April, the highest since March 2020.
Excluding the 2020 pandemic, delistings have never been this high.
The absolute number of delistings rose +3.8% MoM, marking
Over $100M in liquidations occurred on Aave in the past 24 hours.
While not the biggest stress test, it was another round of resiliency.
Note: users can repay loans directly with collateral to reduce liquidation risk on the Aave UI.
Stay safe.
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