RociFi Dapp v2.03 Update: more sweets for borrowers

The RociFi decentralized capital-efficient lending protocol has announced the release of its latest update, v2.03. This update brings about some major changes to the protocol, which are aimed at making experience more rich and user-friendly for borrowers.

First key update in this release is that borrowers can now use Lido Finance’s interest-accruing stMatic (staked MATIC) as collateral. The use of stMatic as collateral means that borrowers can earn staking rewards while also using their assets to secure a loan. This will be a great benefit to borrowers who are looking to access credit without having to liquidate their staked assets.

Another major update is that borrowers can now borrow without minting NFCS, non-fungible credit score ERC-721 token. Previously, all borrowers had to create an NFCS token to access credit. With this update, Rocifi Protocol is making this step as non-mandatory. Borrowers who skip this step will be by default accessing loan terms for Score 10: 2% APR and 85% LTV. Borrowers who have minted NFCS will be able to unlock better collateral value terms.

These updates represent a significant step forward for the Rocifi Protocol, which is dedicated to making decentralized finance more accessible and user-friendly.

RociFi — Capital-Efficient Lending Protocol on Polygon

Mint your Non-fungible Credit Score to borrow under-collateralized: https://roci.fi/, https://v2.roci.fi/app/

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