2. What it DeCredit？

DeCredit is a decentralized oracle ecosystem focused on WEB3.0, a secure and cost-effective solution that provides traditional API services for smart contracts in a decentralized manner.

DeCredit started out as an oracle module on the OpenDeFi mainnet. In June 2021, the DeCredit oracle network and oracle nodes were built, and the decentralized oracle protocol for mortgage was designed.

The OpenDeFi mainnet was launched in November 2021, and the DeCredit credit oracle was adopted, which solves the pain point of over-collateralization and brings users a higher credit line.

In December 2021, DeCredit launched the DAO governance plan, marking the official independence of DeCredit as an underlying protocol project focusing on the field of oracles.

The plan is dedicated to starting the dynamic development of the DeCredit ecosystem in the form of DAO. In January 2022, the first DAO project MetaLine metaverse game was officially established, adopting DeCredit's credit oracle. From a service perspective, DeCredit Oracle serves the following WEB3 data use cases:

· DEFI Market: Including currency market, DEX, futures and options, liquidity mining, insurance data.

· Credit data: Off-chain credit data, complete off-chain portrait.

· GAMEFI: game scene random number

· NFT data: Off-chain data virtualization.

· RWA: real estate, trade finance contracts, data service providers

From the perspective of the protocol, DeCredit Oracle consists of the following cores:

• Multiple DeCredit Oracle APIs, including technical interfaces, and it also refers to services provided for actual business, such as an API for DEFI mortgage.

• Decentralized oracle network, that is, a network of oracles operated by nodes and API providers themselves;

• A decentralized management entity to oversee the oracle network, including node access, exit, punishment, and rating.