Credit, Rebuilt in Six Steps
Web3.credit looks at onchain reputation and decentralized identity, and what they could mean for people the old credit system leaves out.
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A traditional score is built from your borrowing history held by credit bureaus. No history often means no score, even for people who always pay their bills.
Credit score
Every repayment on a public blockchain leaves a permanent record. Some lenders look at a wallet's history to judge whether it repays reliably.
Onchain reputation
Decentralized identity lets you hold credentials yourself and share only what is needed, such as proving you are over 18 without showing your birth date.
Decentralized identity
Most crypto loans require more collateral than the loan. Reputation-based lending tries to lend with less, which works only if the borrower's record is trustworthy.
Under-collateralized loan
A public record can be read by anyone. Linking your identity to a wallet can reveal your full financial history, so share with care.
Public ledger
Onchain credit is still young. It shows promise for people shut out of the old system, but no onchain score replaces a bureau report for most loans today.
Early stage
Educational only, not financial advice. Crypto prices move fast and you can lose what you put in. Some links are affiliate links; we may earn a commission at no cost to you.