[N4] - Lumen 🏅

- We used Walletconnect to solve a real problem in finance - creditworthiness!

- What we built is useful for Polygon, especially since Clearpool, Teller and many more credit protocols are on Polygon. - As Polygon grow and onboard emerging market users, what we build will help them get access to credit.

- We have deployed on Scroll. - We intend in the future to use the zero-knowledge feature to generate ZK-proofs.

- We used Sentinel for monitoring and alerts.  - In case of borrowers moving funds in and out just to fool proof of funds, any large amounts of movement would trigger alerts. - We included a recorded video of how Defender notification would trigger in a demo case.

- Coinbase has many consumer users who can very easily be liquidity providers and use our lender dashboard. - Our attestation is a base primitive. - We can further build credit lines and etc. to allow Coinbase users to borrow against their crypto holdings. - We can imagine a future where our attestation is one key part of a larger consumer credit underwriting process that can happen on-chain.

- Our attestation creates a base primitive for lenders, borrowers and other under-collateralized lending protocols to build upon. - This also helps developers to read/pull data from on-chain in a ready way; smoothing out the UX and lowering the risk for lenders to engage in under-collateralized lending.

- Our attestation creates a base primitive for lenders, borrowers and other under-collateralized lending protocols to build upon. - This also helps developers to read/pull data from on-chain in a ready way; smoothing out the UX and lowering the risk for lenders to engage in under-collateralized lending.

If our product ends up succeeding then will have helped lenders increase their confidence and ability to lend and as a result adding liquidity to credit pools and helping under-collateralized lending and DeFi grow as a whole.


- Our Proof of Funds addresses counterparty risks. - This can be particularly useful for heavy Binance users in LATAM and Asia. - We can imagine a future where our attestation is one key part of a larger consumer credit underwriting process that can happen on-chain.

Web3 is all about transparency and that's what were bringing with our product to the on-chain lending space. The next phase of Web3 credit adoption will be through toolsets that help increase trust amongst risk reduction solutions that today is only truly served in DeFi by collateral. But by increasing the trust of other risk reducing attestations such as proof of funds, more forms of lending will be brought on-chain and and there will be more direct borrower and lender relationships - meaning businesses in places in the world with low access to capital can tap into large pools of capital efficiently.

- Our attestation can be an attribute that feeds to how Spectral's MACRO score is generated. - Future vision of using zero knowledge to preserve live wallet balance and allow underwriters to set conditions (e.g. wallet balance and LTV).