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NettyWorth, a Web3 Fintech platform founded in 2021, has launched Netty Score for its newly launched AI-powered loan protocol \u2013 aimed at bridging the gap between traditional and decentralized finance.\u00a0<\/span><\/p>\n Launched on the lines of the traditional Banking\u2019s CIBIL score, the Netty Score will analyse the borrower\u2019s past behaviours such as consistency in loan repayments and the times he has gone default \u2013 making it easy for the lender to make bis lending decision.\u00a0<\/span><\/p>\n It leverages sophisticated pattern recognition, real-time market analysis and predictive analytics to provide lending and borrowing services against Digital and Real-World Assets (RWAs). It allows users to get loans by keeping various assets as collateral such as Profile Pictures (PFPs), art, and gaming assets. It also allows users to access liquidity without any need to sell it completely.\u00a0<\/span><\/p>\n<\/p>\n The potential lenders who are willing to make loan offers can accept the given crypto assets staked as collateral. Funding loans on listed NFTs,<\/a> lenders can initiate loans instantly on NFTs with set terms. On Nettyworth, they can accept and review the loan terms set by the borrower and choose their preferred asset for which they wish to provide a loan for. Once accepted, the loan gets approved and the principal amount offered by the lender gets transferred to the borrower\u2019s account. <\/span><\/p>\n However, currently, Nettyworth supports lending only for ERC-20 tokens: WETH and USDT. Lenders on NettyWorth<\/a> have to pay a 4% protocol fee, deducted from borrower-paid interest. The rest goes to the lender with no fee applied if a loan defaults.<\/span><\/p>\n In contrast to the traditional lending, decentralized lending<\/a> allows anyone to be the lender, thus, skipping the need for middle men and the dominance of traditional banking sector. Nettyworth also provides the infrastructure for borrowers and lenders to build their own loan marketplaces by using its XGBoost algorithms. In less time only, it has reached $125M in connected wallet value \u2013 highlighting the potential and the need of the development of DeFi lending. <\/span>By 2026, it aims to reach $500 M in connected wallet value by 2026<\/span><\/p>\n Backed by Acacia Digital, Trive Digital, \u00a0Blockchain Founders Funds, London Real Ventures, Republic, Trive Digital, and Acacia Digital, lender get chance to earn higher yields on NFT-backed loans than traditional DeFi lending. For example, it offers 55% APR on lending 2 ETH on a 30-day loan which amounts to 0.033 ETH in profit.<\/span><\/p>\n \ud83d\udea8 Lending on NettyWorth is LIVE! \ud83d\udea8<\/p>\n You can now start requesting loans against your PFPs, Art and gaming assets. Unlock liquidity without selling! No Liquidations!<\/p>\n \u2705 Request loan offers \u2013 quick and easy \ud83d\udcb0<\/p>\n \u2705 Lend with confidence using NettyScore, a Web3 credit score \ud83e\udd1d<\/p>\n \u2705\u2026 pic.twitter.com\/P1egoQavSt<\/a><\/p>\nHow DeFi lending benefits\u00a0<\/span><\/h2>\n
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