Credmark Partners with API3 Ahead of Innovative IDO

Credmark’s platform will improve data integrity and risk modelling

Singapore,


Singapore, June 02, 2021 (GLOBE NEWSWIRE) -- Credmark, a decentralized risk modeling platform, announced its partnership with oracle company API3. This partnership will be an additional, substantial step forward with regards to Credmark’s mission of providing data integrity and institutional grade risk tools for retail users.

Credmark is focused on addressing data interpretation issues within DeFi and building retail focused risk tools on top of its transparent, provable data layer. Thanks to this value proposition, it recently completed a $5.5 million raise with advisors from Moody’s, FICO, Bancor, and Coinbase.

"Credmark's platform will address some of the most critical issues in DeFi: data integrity and risk modelling. API3 is passionate about improving the openness and accessibility of the ecosystem, and we really value the important work Credmark is doing towards this." – Dave Connor, BD Lead, API3.

“Managing risk is the cornerstone to accelerate credibility, acceptance, and business continuity. Credmark will provide this rapidly emerging retail user as well as defi product providers a marketplace of risk models to easily calibrate and manage their optimal portfolio. We believe that this service is crucial in order to scale the ecosystem and have a chance of competing with centralized alternatives.” - Serge Ugarte, advisor, Credmark.

The project also plans to implement a completely unique token launch strategy, a Liquidity Swap Drop, that takes advantage of the new features of Uniswap V3. By leveraging the mechanics used to maximize capital efficiency on V3, Credmark seeks to innovate the IDO with an implementation of their own risk models to mitigate downside risk on its native token, CMK. Additionally, Credmark plans to release a Uniswap V3 portfolio management tool for retail users which will utilize their own proprietary risk models.

About Credmark

Originally a crypto credit data company, Credmark’s novel platform addresses data integrity issues in DeFi by aggregating and normalizing data. The team has identified a way to provide high integrity, institutional grade risk tools to retail users. The CMK token will be used to govern network parameters, incentivize model developers and other contributors, and secure the system via staking lockups.


Media Contact:
Robert Penington
Robert@thronepr.com

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