Off-Chain Oracle Analytics Aggregation for On-Chain Trust on Binance Smart Chain
introduction
defi 2021 is very trending everywhere. Decentralized Finance or DeFI is currently the prima donna in today’s blockchain world. DeFi has a vision and goal to transform today’s financial sector by providing decentralized financial services by leveraging blockchain technology and smart contracts.
The need for decentralization of financial services is important because currently the central authority controls all functions in this sector. Bitcoin and blockchain emerged with the main function of eliminating the role of third party institutions by directly authorizing users to participate in crypto trading, many thought their applications were limited to payments or money transfers, but the financial sector or decentralized DeFi also exploded
Rain Credit is
Rain Credit is a BEP20 token on the Binance Smart Chain that acts as an aggregator for offline data analytics, providing a short credit rating for the user’s address. This credit rating is used to provide the best guarantee for lenders and borrowers of digital assets on the Rain platform. Rain Credit is based on current decentralized lending platforms and protocols, but with changes that provide even more innovative designs and capabilities.
Rain feature. Credit:
1. Oracle Analytics off-chain
2. Digital trust
3. Non-custodian loans
4. Credit rating
5. Trust nets
Binance smart chain / ethereum compatible
Oracles solves transparency problems faced by many Defi projects. By removing information from the chain and providing data consistently, Rain.Credit Oracle enables smart contracts to extract data from blocks containing the information it needs. The information that Rain.Credit oracle sends will include things that the blockchain cannot track or control. This includes payment history of users across multiple chains, real economic events, government policy changes, and user account history.
Pinjaman Hujan is a digital asset loan and loan platform without custody. It is based on a composite protocol with a modified asset pool and the use of Rain + to increase access to additional funds beyond the current CDP offered by Compound Finance, AAVE & CREAM.
Rain + is an additional token amount that we offer borrowers through our platform without providing additional guarantees, based on their transaction history and ratings from Rain Off-Chain oracle analytics.
RAIN | Amount to borrow + Transaction History / Amount to secure
Oracles provide solutions to transparency problems that face many defi projects. By releasing chain information and supplying data in an unchanging manner, Rain.Credit Oracle enables smart contracts to pull data from blocks containing the information needed. The information that Rain.Credit oracle sends will include things that the blockchain cannot track or monitor. This includes payment history of users across multiple chains, real world economic events, government policy changes, and user account history.
Tokenomics
$ RAIN has a simple distribution model. The total supply consists of 800,000 $ RAIN.
The distribution of tokens is as follows:
40%: will be sold through presale
20%: will be used for project development
20%: will be used to provide liquidity and agricultural products
10%: tokens will be allocated to the team (For 2 years, these tokens will be locked to instill trust in the community)
10%: will be used for marketing
Rain Credit Roadmap
Q2–2021 (Testnet Season)
Our goal in Q2 2021 is to get the platform fully operational in a short time so that the Oracle and Lending platforms will run efficiently on the testnet. We also strive to further develop the Oracle platform by creating a “web of trust” that motivates data providers.
$ RAIN Pre-Sales Tokens
Stock List
Offchain Aggregation in Oracle Analytics
Testnet Lending Platform Testnet. Testnet of
Trust
Deflationary Staking and Farming
Launch Q3–2021 (Mainnet Season)
Our goal in early Q3 2021 is to launch a powerful platform with Oracle and Lending migrating from Testnet to Mainnet in record time. We also want to further develop the Oracle platform with the launch of the Trust Network, which drives data providers.
Audit, Loan and Oracle Contracts
Offline Oracle Analytics Mainnet
Lending Platform
Aggregate Data Provider
Trust Network
Oracle RAIN Hackathon
Q4–2021 (Middleware Season)
This quarter will be heavily focused on middleware integration and a period that will appeal to our community with the launch of DAO Governance RAIN drops.
Oracle Network Release 2.0 (in addition to aggregated analytics)
Oracle Marketplace off-chain release with multi-chain support
Launching of the abstraction layer
RAIN
GraphQL RAIN DAO Management Offline and asset management
monitoring platform releases Offline asset management and monitoring platform releases (one click integration with the platform, not blockchain based)
Comprehensive API and documentation
release Q1–2022 (season cross chain)
The first quarter will focus on cross-chain integration outside the Ethereum network with the aim of making our services available on various blockchain networks.
Secure inter-network loans
Launching
cross-chain Oracle Smart contract analytics platform
Cross-chain trust assessment (outside the Ethereum network)
Asset group trust assessment
Continuous development and improvement of
Academic research of the Trust Network and publication of the results of the trust assessment in the Rain DeFi sector. Rainbuilder Credits
team
Rain.Credit Team
Rainbuilder / Lead Developer
Hail / Developer
Drizzle / Community Manager
Monsoon / UI/UX Designer
Conclusion
defi Rain.Credit takes the opportunity to create a more trustworthy ecosystem while also providing incentives to participate in borrowing and lending to increase users’ Credit scores. The use of off-chain analysis to build trust in lending and borrowing in the deficit space is something that has not been explored before the loan has been processed. With the ability to use real-life information and events as a factor in decision making, users need not worry too much about credibility, trustworthiness, higher assurance factors, and focus on using their assets to help grow their portfolios while participating in innovative and innovative platforms.
For more information Connect to the Rain Project. Credits:
- Website: https://rain.credit/
- Telegram: https://t.me/joinchat/UqEl0GyJZ4WkDUWR
- Github: https://github.com/orgs/Rain-Credit
- Medium: https://rain-credit.medium.com/
- Twitter: https://twitter.com/rain_credit
- Discord: https://discord.gg/aEc7NWbU
Author: apaben
Bitcointalk Profile link: https://bitcointalk.org/index.php?action=profile;u=1239366
