A Protocol for Programmable Creditworthiness discord.gg/kSYbUuWfwx

Joined April 2020
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What does credit risk in Web3 look like? Should it just be a credit score? Most likely not. Let’s try to understand how it exists today in Web2 and why it’s not ideal. Thread below: medium.com/@spectralfinance/…
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Spectral retweeted
Just tried @__spectral testnet. Can't wait to see it on mainnet. few
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Hello everyone! After months of hard work by the Spectral team we have a product ready to be bent and broken by the most ambitious DeFi testers! If you have been whitelisted through our closed beta sign-up sheet you can follow the instructions in our discord to access testing.
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Please be advised anyone posting "Metamask support" in the subtweets are scammers. Do not click any links unless posted by this account.
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Spectral retweeted
2/ This week we sold down ~15% of our position in $SOFI to fund recent investments in technologies that will shape our future – such as Mitra Chem, @__spectral, @Syndica_io. We're proud to back $SOFI and still hold ~85% of our original stake.
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1/ Spectral is excited to announce a $6.75m funding round led by @polychaincap to build the future of on-chain creditworthiness. @GalaxyDigitalHQ, @socialcapital, @paraficapital, @edgeandnode, @metapurse and others also participated. Find out more below: yahoo.com/news/spectral-rais…
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2/ Implementations for creditworthiness are encumbered by its lack of composability. As Ethereum harnesses smart contracts to pursue the idea of programmable money, we build upon Ethereum’s innovations to achieve the same goal for programmable creditworthiness and reputation.
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3/ As it exists today, creditworthiness in traditional financial markets are static and imposed by opaque institutions. Siloed and monopolized, users have very little control or perspective on their credit.
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4/ Spectral's initial product will be an on-chain credit score via our Multi Asset Credit Risk Oracle (MACRO score) laying the infrastructure for a credit-risk ecosystem in Web3.
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5/ We also introduce the concept of Non-Fungible Credit or NFC's. NFC's allow users to bundle wallets and sync their on-chain transactional history into a single composable asset (ERC-721).
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6/ Our roadmap includes the following to decentralize credit risk assessment: - Programmable creditworthiness - Distributed Credit Risk Modeling - Verifiable Machine Learning
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7/ Building the infrastructure for a new financial primitive is an ambitious undertaking. We are looking forward to collaborating with the community and want to thank our past and current supporters and investors.
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Spectral retweeted
We just backed a really interesting project to assess credit risk in Web3. Their first product is an on chain credit score…replacing the outdated FICO score with our MACRO score - a fully programmable and composable financial primitive. Check out @__spectral to learn more.
Fintech startup Spectral Finance raises funds from Chamath, Polychain - cryptonewswire.com/fintech-s… #investing #bitcoin #fintech
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Spectral's long-term vision is to engender trust among DeFi participants through democratized and decentralized credit risk assessments leading to a more capital-efficient credit landscape where credit risk assessment is composable across the entire Ethereum ecosystem.
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Spectral is hoping to engage with the existing credit scoring community and institutions to start the conversation about what credit risk infrastructure will look like on web 3 - @Equifax @TransUnion @FICO @Experian_US
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