Soulbound Identity; Masa
The DeFi space keeps growing to unimaginable heights, and the DeFi sector has been quick to keep up with the daily trends.
Like Masa, DeFi projects have a mission that they need to fulfill; for themselves and for their ecosystem. The mission of Masa is to create a bridge to financial aid to its users worldwide. This DeFi project was set up by migrants and has a globally deconcentrated team that believes that everybody should have access to financial possibilities no matter where they come from.
Masa is creating a decentralized web3 project where web2 and web3 data sources can be stored on-chain. Users can also create their own Soulbound Identity which they can use to access so many benefits and unleash the true power of DeFi. When they register .soul names on the mainnet, they can renew and trade it on NFT exchanges like OpenSea. They can also access souldrops and receive benefits in the process. With that same soulbound identity, they can access DeFi loans.
Masa mission
Masa is focused on bringing together people from around the world, who will come to love web3. They plan to bring in the next 1 billion people in the web3 space. They plan to do this by creating an equal financial environment that will make available opportunities for 4.95 billion people.
Masa vision
Madea's vision is to build the original Soulbound Identity system under web3.
SBT
Masa brought the first Soulbound Identity protocol to web3 and the world.
This is known as the official currency of Masa.
Soulbound Token, also known as SBTs are made to be the bond between owners' status and a distributed environment. These non-fungible tokens(NFTs) are publicly visible to the Masa ecosystem, and can act as a web3 user's proof possession.
Customers are awarded a .soul name, that will stand as a special identification for them on web3(Masa).
The Soulbound Token will be NASA's costumers' unique digital character which they will use to obtain a lot of web3 functions like NFT whitelist listing.
The team at Masa programmed SBTs to power a lot of the project's applications such as lending.
Owners of SBTs can connect and share their data to the public or covertly through an EVM-compatible chain or Masa's proof-of-stake ZK.
Web3 and web2 credit scores
Masa is hoping to hop on board the unlimited powers of web3 and web2 by delivering both their credit scores connected to users' wallets in the nearest future. Masa users will use their Soulbound Identity to enjoy distributed loans from Masa since it created its web3 financial recognition. Lenders on the other hand will be able to access high quality offers and an accessible pool of distributed liquidity.
Mediators will be able to easily access the lenders' quality offers and make better investment decisions.
Masa recently partnered with Teller to launch the world's first Soulbound DeFi lending.
Masa assists users in creating a genuine on-chain identity, and Teller's DeFi lending system will bridge the gap between holders and lenders.
More Information:
Website: https://www.masa.finance/
Telegram: https://t.me/masafinance
Twitter: https://twitter.com/getmasafi
Discord: https://discord.gg/HyHGaKhaKs
Medium: https://https//masafinance.medium.com
Reddit: https://www.reddit.com/r/MasaFinance/
Github: https://github.com/masa-finance
Publishers Details :
Forum Username: Onwuba
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=3405891
Masa will assist users in creating a genuine on-chain identity for the community.
I love the Masa team and this project will be great
Nice information.