A protocol for non-collateralized, on-chain
loans for unbanked people on
Polkadot
We help unbanked people to get loans
100 out of 196 countries have 2,000,000,000 unbanked people. However, these people still need funds. We connect new customers to all existing financial services.
AMM token new approach
A new approach to on-chain lending that allows AMM holders to vote on incoming borrowing and uncollateralized loan requests; it creates new ways for AMM users to generate stable, high returns in DeFi; and it empowers approved borrowers with fast, fixed-term, fixed-rate loans with no collateral requirements. The AMM incorporates Binance's and Polkadot's best advantages!
Fast and smart credits
The platform uses complex algorithms to predict the credit-worthiness of every customer and in just 15 minutes, a borrower can get their very first loan through their smartphone.
CyberWallet Advisors
How Unsecured Loans Work
Lenders add liquidity to CyberWallet's pool. The funds will be used for lending and earning interest. Yield capital will be used in DeFi protocols to maximize earnings.
Borrowers submit a request to borrow capital from the pool: amount, interest APY, term and address.
An automated algorithm evaluates the request, the borrower's profile, credit history and other important parameters."
The pool smart contract approves or rejects the loan based on the evaluation.
The Borrower must return the principal and interest on or before the term expires.
If the loan is repaid on time, the borrower is incentivized with an increase in the next loan's max size by 50%.
Interest Rates for Borrowers
Fully-backed
loan - 1-12% APR
Half-backed
loan - 10-20% APR, depending on "scoring rating"
Unbacked - 30%+ APR , depending on "scoring rating"
Why Borrow?
A personal decentralized credit line
Instant money on-demand
A cost-effective process for collateralization
Ability to unlock new assets for funding
Flexible and advance payments
No banks or bureaucracy
Why Lend?
High yields with low risks
Transparent securitization and tracking of each asset
Liquid investments into illiquid assets
Round-the-year returns
Be part of the bankless community
Competitive risk assessment/underwriting
In order to provide the best functionality and smooth working of all features, the CyberWallet system leverages the best from several blockchains. We emphasize Polkadot's blockchain the most as it: has easy cross-chain transfers, has good scalability, is easy to improve, is user-driven and is absolutely secure.
Since Polkadot is a cross-chain protocol, we can aggregate the products of our partners to provide customers with access to services on other blockchains.
Software and blockchain development for businesses
Our technology stack
Backend
Frontend
Infrastructure
Database
Automation Testing
Unsecured DeFi Loans
An under-collateralized lending market, available anytime and anywhere!
CyberWallet's Unsecured Loans only require borrowers to maintain the collateral equivalent of the value of the loan minus the amount of total interest paid from all previous loans.
Anyone can take out a loan, even if the initial collateral equals zero - you will receive money if you need it!
Each next loan is 6% larger.
Lenders are well-protected against 'take-and-run' actors by the membership system and the redemption pool algorithm.
Expert review
Stable+
4,5 in 5
9 in 10
ААА