DeFi Passports Encourage Responsibility #DeFi #Sapphirev3 #Ethereum | Native Assets

Arcx Sapphire announced it's "DeFi Passport" after a recent Improvement Proposal was passed. The DeFi Passport will track transaction history such as loan duration, liquidation events, collateral ratios and more to create an "Arcx Credit Score". Aiming to encourage DeFi users to think long-term, higher credit scores will gain access to better borrowing/lending rates than non-passport holders, rewarding the most creditworthy with under-collateralized loans, a product not currently available in the DeFi realm. While this could go under the radar, it could also foster a greater sense of safety and stability to the space should enough protocols integrate the Passport.  Sources: https://cointelegraph.com/news/new-defi-passport-could-enable-under-collateralized-crypto-loans https://arcx.substack.com/p/introducing-arcx-sapphire-v3 https://solana.com/en/ecosystem/defi%20passport --- Native Assets is a blockchain firm specializing in educational seminars, detailed research, indusutry analysis & corporate advising. Our mission? To empower you with the knowledge & insights to navigate + flourish in the new digital era - the blockchain era. --- Become A Student https://www.nativeassets.co/foundatations Join Our Private Network https://www.nativeassets.co/privatenetwork Connect With Us https://www.linkedin.com/company/nativeassets/ Become An Affiliate https://www.nativeassets.co/Affiliate For More Visit https://www.nativeassets.co/