RociFi launches NFCS API
Jul 11
RociFi’s NFCS (Non-Fungible Credit Score) is a credit, reputation and trust credential that classifies user’s on-chain behavior into an easily interpretable scale from 1–10; with 1 being the most creditworthy and 10 being the least.
Within 10 days of NFCS launch on Polygon, over 4000 NFCS have been minted! 🔥 🔥 🔥
Nearly 20% of these wallets are classified as having good scores ‘1’ to ‘7’.
Based on the demand, we are opening up NFCS API to be used in a permissionless way by DeFi protocols and other BUIDLers in the space!
NFCS and NFCS API can be used by DeFi protocols as a cross-chain interoperable non-transferrable NFT-based identity solution for
- Enabling under-collateralized loans
- Protecting from fraud and scam
- Using NFCS-based reputation for Sybil resistance in DAO elections
- Balancing DAO voting power according to NFCS reputation
- Prioritizing airdrops and waitlists to quality users
NFCS score is being updated regularly based on users’ latest DeFi activity and their repayment behavior on RociFi lending platform.
DeFi service can query the NFCS API in order to get the most up-to-date NFCS score per given address.
- Get NFCS tokenID for a specific address
Invoke getToken Method
NFCS.getToken(_address_). Method returns tokenID per address. It reverts if no token is minted yet for this address. Important: address should be a primary address for the bundle.
2. Get up-to-date score for a specific address
The response will be JSON with creditScore field, e.g.
{ “creditScore”: 10, “id”: 1, “timestamp”: 1656627027 }
For each user who mints NFCS, a public profile page on blog.roci.fi is generated.
RociFi profiles look like this:
RociFi — Under-Collateralized Credit Protocol on Polygon