Credit scores coming to DeFi

in #credit6 months ago

It was bound to happen :P
The aim? To bring under collateralize loans i.e loans without backing to crypto!
Aave has been working on a more laxer version of credit lending for Defi but Teller is looking to expand it!
Teller has raised about 1 million dollars....
Pretty interesting and a worry sign that fractional reserve banking is coming to DeFi near you:
https://decrypt.co/35950/teller-raises-one-million-credit-scores-defi-crypto-loans