Join Our Mailing List
Wednesday September 27, 2023
Bitcoin (BTC) $26,198.02   Ethereum (ETH) $1,596.11
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Vendor Technology

Decentralized lending app Bird.Money to integrate data feeds from API3

API3 builds decentrally governed and quantifiably secure data feeds that power Web 3.0 applications without employing third-party intermediaries. Powered by Airnode-enabled first-party oracles, API3’s dAPI’s are fully decentralized and blockchain-native APIs with quantifiable security...

Published by CryptoNinjas.net
02/08/2021
Decentralized lending app Bird.Money to integrate data feeds from API3

API3, a provider of decentralized APIs for web3, today announced an integration partnership with Bird.Money, a decentralized lending platform. The goal of this partnership is to natively integrate API3’s data feeds with Bird.Money, to provide reliable, transparent, and decentralized data for V2 of their lending platform. The novel ‘Trust Score API’ that powers the platform will also be made available over Airnode, to provide Bird.Money with a potential extra revenue stream in the future, through monetization of this data.

“API3 is thrilled to partner with Bird.Money in bringing sophistication to DeFi through credit score analysis and customized lending and borrowing rates. These are both functions that we believe to be extremely valuable and needed for the growth of DeFi as a whole. Thus, we are very excited to support Bird.Money with API3’s data connectivity solutions.”
– Heikki Vänttinen, Co-Founder, API3

Bird.Money

Bird.Money’s Trust Score API is based around the on-chain behavior shown by an Ethereum address. Actions like repaying loans and having a long history of activity are rewarded, and risky behavior penalized. Combining this data with the Bird.Money platform allows the platform to take an individually tailored, data-based approach to the amount users are able to borrow.

For the V1 platform release, Bird can increase access to funds for borrowers with market intelligence and payment analysis through Bird.Money analytics in a scheme called Bird+.

Bird+ is the additional amount of tokens offered to borrowers without any additional collateral, which is based on their transaction history and rating from Bird.Money analytics.

The Borrower would be required to pay back the amount of digital assets with interest, at the stipulated time. Interest on the extra Bird+ tokens would be reduced to a minimum. Any users defaulting on a loan would be penalized with a lower Trust Score rating on the Bird.Money Analytics Platform, thereby reducing their access to additional funds in the future.

“Bird.Money is extremely excited to establish an integral technical partnership with API3 to utilize their cutting-edge first-party Airnode Oracle technology. API3 is poised to disrupt the current blockchain data-delivery and Oracle technology landscape. We are extremely excited to be able to work with them in order to securely deliver our Trust Score across the DeFi spectrum.”
– Luciano Sebastián, Brand, Growth and Strategic Operations, Bird.Money

SubscribeE-MailXFacebookWhatsappTelegramRedditLinkedin

Related News

API3 dAPIs are now available on BNB Chain, RSK, Polygon, and Avalanche

07/20/2022
API3 dAPIs are now available on BNB Chain, RSK, Polygon, and Avalanche

API3, a first-party blockchain oracle, today announced the availability of dAPIs on, BNB Chain, RSK, Polygon, and Avalanche to deliver high-quality cryptocurrency data to smart contracts on those platforms. The Airnode providing the data...

Read more

ChainAPI rolls out Airnode integration service to enable no-code web3 deployment for data providers

06/21/2022
ChainAPI rolls out Airnode integration service to enable no-code web3 deployment for data providers

ChainAPI, a value-add service to first-party blockchain oracle solution API3’s Airnode, today announced the launch of its no-code Airnode integration service enabling API providers to seamlessly self-integrate and deploy first-party oracles within the broader...

Read more

API3 to deliver first-party oracles to the Metis L2 rollup ecosystem

03/28/2022
API3 to deliver first-party oracles to the Metis L2 rollup ecosystem

API3, a first-party oracle solution that makes real-world data accessible by smart contracts, has announced its latest partnership and integration with Metis, a layer-2 protocol for decentralized apps. Now, API3 will be making the...

Read more

Blockchain oracle platform API3 set to launch new solution with crypto data provider Amberdata

01/19/2022
Blockchain oracle platform API3 set to launch new solution with crypto data provider Amberdata

API3, a first-party blockchain oracle solution providing a seamless Web3 wrapper that enables API providers to offer their data directly on-chain, is set to launch its new solution: Amberdata Beacons, in partnership with crypto-asset...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
Blockstream Mining Bitcoin

Blockstream launches bitcoin mining colocation and pool services

08/08/2019
Blockstream releases new platform for Liquid-sidechain security token issuance

Blockstream releases new platform for Liquid-sidechain security token issuance

05/15/2019
Zilliqa blockchain combines incubation programs as it announces new grant winners

Zilliqa blockchain combines incubation programs; announces new grant winners

12/03/2019
BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

08/28/2023
BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

08/28/2023
HashKey Exchange, Hong Kong's first licensed crypto exchange is now live

Hong Kong’s first licensed crypto exchange HashKey is now live

08/28/2023
Adenasoft launches new crypto exchange white label solution: ACE

Adenasoft launches new crypto exchange white label solution: ACE

06/27/2023
Maximize Your ETH Investment: The ETHphoria Vault by Pods

Maximize Your ETH Investment: The ETHphoria Vault by Pods

06/21/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2024 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2024 CryptoNinjas Disclosures | Privacy Policy