Credit

Sumara offers permissionless, instantly issued on-chain LCs, Guarantees, and Proof of Funds. Funds can be disbursed to Web3 wallets or foreign bank accounts via BaaS infrastructure. Credit is sourced through DeFi markets in the Web3 ecosystem.

Credit Strategy:

• Focuses initially on one industry to build deep understanding and gradually expand.

• Offers under-collateralized credit to importers with a positive history and commodities importers, using the commodities as security.

• Adopts a conservative, targeted lending strategy to limit losses and build automated risk underwriting models.

• Plans to extend credit to suppliers in the supply chain, enhancing trust and supply chain efficiency.

Credit will be sourced from platforms such as Goldfinch and Huma Finance. All lending will have pre-approved limits for instant access. Short term nature of lending allows compounding, leading to high returns.

Any lending on Sumara will have clear and pre-approved limits, so the borrower can access instantly, a key quality required.

Technical details of the credit microservice can be seen here.