Inspiration
Access to fair and transparent credit remains one of the biggest challenges in both traditional finance and DeFi. Many existing lending protocols over-collateralize borrowers, charge flat rates that don’t reflect user profiles, and liquidate aggressively — often hurting users more than protecting them. We wanted to rethink lending in a way that’s smarter, fairer, and more human.
What it does
Qbytic is a decentralised credit-scoring and lending protocol that: Fair Collateral: Dynamically adjusts collateral requirements based on borrower creditworthiness, reducing locked capital for trustworthy users. Fair Interest Rates: Leverages a scientifically backed scoring model to offer competitive, risk-adjusted rates. Fair Liquidations: Implements a borrower-first partial liquidation protocol, ensuring only the minimum required amount is liquidated to restore loan health. Together, these features make DeFi lending capital-efficient, user-friendly, and sustainable.
How we built it
Developed a proprietary credit-scoring model, rooted in peer-reviewed financial methodologies. Implemented smart contracts to enforce collateral, interest, and liquidation rules transparently on-chain. Integrated with blockchain oracles for real-time market data. Built a front-end dashboard for borrowers and lenders to interact with the protocol seamlessly.
Challenges we ran into
Designing liquidation formulas that both mirror DeFi standards (Aave/Compound) and still favour the user. Balancing capital efficiency with protocol safety. Integrating a peer-reviewed credit model into a DeFi-native framework. Ensuring formulas remained mathematically sound under all edge cases.
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