RociFi Dapp 2.02 Update: higher loan sizes and mobile experience

Feb 15

In RociFi Lending dApp “Loan Term” is unique configuration combination of Asset/LTV/APR/Duration.

The best scores are able to choose between multiple Loan Term combinations, i.e. Score 1 would be able to choose collateral ratios that Scores 2–10 would be also eligible to.

With this release we are adding «Max Loan Size» as an additional parameter to the Asset/LTV/APR/Duration configuration. This allows issuing loans of higher sizes when secured collateral part is higher while duration is smaller.

Therefore, 30-days loans with reduced loan-to-value of 85% will be eligible to higher sizes of up to $17,000 for all scores and 7-days loans of up to $29,000!

This opens up more opportunities for borrowers as well as higher return for lenders.

See updated configuration with max loan sizes for each configuration.

Max Loan Size is set up per loan and is calculated at the point of loan configuration on the Borrow flow 1st screen. Each borrower can have up to 4 open loans of different configurations.

Upon multiple requests, we are enabling RociFi usage on Mobile!

Most of the flows already work pretty well, though work on the mobile adoption of some of the screens (f.e. Dashboard) is still ongoing.