ChainScore has launched on Harmony Testnet

ChainScore has been launched on Harmony Testnet. dApps on Testnet can now access financial risk data such as credit scores using deployed ChainScore oracles. ChainScore network built the infrastructure with Scorer nodes as Providing Data through a secure oracle network.

Currently, credit data is supported from Aave and Compound SubGraphs on Ethereum Mainnet, and we are expanding it to Yearn, Maker and Uniswap. We look forward to supporting data from multiple chains.

We look forward to supporting upcoming dApps on Harmony to integrate ChainScore’s Credit Risk data. DeFi protocols can use credit scores to evaluate the potential risk posed by lending money to users, mitigate losses due to bad debt, and determine which users are likely to bring in the most revenue. For example, Lending/Borrowing Protocols can use credit scores to determine who qualifies for a loan, at what interest rate, and what credit limits. They could also use credit scores to determine which users are likely to bring in the most revenue. This would help to increase trust and reputation in financial transactions for DeFi.

Next, We are working on ChainScore V2, which should support credit risk for rating derivatives, hedges, debts, AMM pools, and much more.

ChainScore is now live on Harmony Testnet and Rinkeby Testnet. Give it a try, the demo is live on https://demo.chainscore.finance, requesting data from the Scorer Node. API documentation for the Scorer Node will be live soon.

Read more about it in our documentation: https://docs.chainscore.finance

Integrating Credit Scores in your dApp: https://docs.chainscore.finance/welcome/how-to-use/evm-chains

Supporting Oracle and Jobs: https://docs.chainscore.finance/welcome/the-basics/oracle-and-jobs

About Harmony Protocol

Harmony is a shared EVM blockchain with 2-sec finality for transactions and 1000x lower fees. A layer-2 ethereum scaling solution focused on making web3 cross-chain with bridges to almost all chains.

About ChainScore

ChainScore is the first-ever Credit Risk Scoring Protocol for DeFi. Utilizing multi-chain data to rate users, assets, contracts, and much more enables risk-regulated markets.

For support integrating, please feel to reach out to us on our Discord: https://discord.gg/ZhKsjC8464

Twitter: https://twitter.com/ChainScoreHQ