DREP Monthly Report 6.1–6.30|DREP’s Defi+NFT: New Sparks; DREP Credit’s Active User Surged; DREP 2.0 Products’ Improvement.

  • Develop DREP Credit Data Oracle solutions and Credit Explorer. We aim to form a credit price for the DeFi protocol, which can assist in determining the configuration of parameters such as variable interest rate, margin rate, commission rate, and clearing threshold.
  • Create DeFi Credit layer 2 solutions. Currently, we utilize the proprietary DREP Chain as a layer 2-like solution to reduce the high cost of operations on the chain.
  • Provide a cross-chain Credit DID data system. On the basis of traditional PKI challenge-response authentication mechanism and data encryption, the system is able to achieve interactive authentication through asymmetric-key encryption between different nodes.
  • Cross-protocol Credit Granting and Credit Transfer. More widely used credit delegation and credit transfer can also be verified, and the flexibility of DeFi Lego will be magnified exponentially.
  • Issue a Verifiable White List. It is a product that meets the needs of the current industry and helps all DeFi products from new market entrants to relatively mature ones to quickly discover seed users.
  • Official launch of DREP Verifiable White List function
  • Deployment of DREP Credit DID on multiple chains
  • Completing and confirming the Credit Rating/Ranking Mechanism V1 scheme
  • Grayscale test of DREP Credit Oracle’s basic functions
  • Grayscale test of DREP Credit Explorer V1

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