Nomis <> Aptos
- Crypto / Web3
- BNB Chain
Credit Karma for DeFi
The core philosophy of DeFi loans was to make capital accessible to everyone, but the present structure creates hindrances to mass adoption. The barrier is that DeFi loans are always over-collateralized by design. It makes them too elitist and reserved for those with both tech skills and capital.
It might seem weird, as one borrows because they need funds they don't own in most cases. So, DeFi loans, as a source of capital, aren't accessible for mainstream borrowers and underserved populations looking for alternatives in the eyes of the upcoming recession.
Nomis is a Credit Karma for DeFi or a multi-chain lending aggregator that smartly connects borrowers with DeFi protocols offering custom loan terms based on borrowers’ on-chain credit scores. Nomis is designed to bring mass adoption closer and enable DeFi lenders to get more clients.
We help mainstream borrowers and underserved populations get alternative access to capital by placing them in a web2-like experience and enabling them to leverage their on-chain reputation to get better DeFi loan terms. On the other hand, Nomis enables lending protocols to use wallet credit score data in their business models to offer custom terms for borrowers and target particular customer segments on the aggregator.
Nomis hires the DeFi lending aggregator model to bring mass adoption closer and respectfully treat the web3 principles. In contrast, a vertically-integrated model (e.g., Roci.Fi) eliminates competition and oppresses borrowers, and a credit score provider model (e.g., Bird.Money and Masa.Finance) doesn’t solve the borrowers' identity and UX problems.
As far as Nomis is designed for piecing borrower DeFi identity together, we're more than motivated developing Nomis on top of Aptos.
As a result we've developed a credit score MVP for Aptos wallets based on on-chain data (the MVP is open-source). We also have developed API and its documentation for Aptos developers.
The roadmap was as the following:
We hired Aptos indexer GraphQL API to get wallet, transaction, and NFT movement data. We constructed variables can be received via Nomis API, based on the data extracted. Finally, we hired our mathematical model to develop Nomis (credit) Score based on the constructed variables.
Our solution is based on the .NET 6 platform and the ASP Net Core framework. We used the Docker toolset to build and deploy the solution. To build, run the following command: docker build -f src/Common/Nomis.Web.Server.Common/Dockerfile -t nomis-web-api . docker -dp 80:80 nomis-web-api
We'll continue developing Nomis on top of Aptos to help mainstream borrowers and underserved populations get alternative access to capital. We aspire to incentivize lending protocols built on the Aptos Ecosystem to hire the Nomis credit score data and provide borrowers with more attractive lending terms.
Every teammate has a successful track record in developing and commercializing IT- and blockchain-related products. Our competitive advantage is a solid technical capability to build the best-in-class credit score solution. 15-year experience and 8 patents in neural network R&D, >40 scientific papers on AI.