Goal: Our mission is to unlock un(der)collateralized lending for the crypto markets, powered by verifiable data from borrowers.
Accountable V1 is a Data Platform with Live Verification of Borrower’s assets and trading exposure while fully preserving privacy.
Accountable V2 transitions the Data Platform into a Central Hub for Comprehensive Lending Solutions where data serves as a foundation for informed lending decisions.
We have already discussed how Accountable V1 transforms the ability to underwrite and monitor borrowers across diverse venues - from banks and crypto exchanges to custodians and wallets. This shift from relying on unaudited financial statements and screenshots to enabling live verification of borrowers' assets and trading exposures aims to significantly boost lenders' confidence. We anticipate that this will lead to increased capital allocation to the crypto credit market and enhanced efficiency through reduced collateral requirements, effectively unlocking un(der)collateralized lending. Furthermore, Accountable V1 introduces greater flexibility in credit creation, allowing for continuous monitoring and enforcement of loan frameworks and obligations (e.g. lending only to borrowers who trade in USDC and USDT, not DAI or FRAX, with immediate loan recall if this condition is breached).
Today’s crypto credit market is highly fragmented, with each protocol or infrastructure specializing in specific lending types. For instance, Maple Finance offers collateralized pools with mainly fixed-term maturities for accredited investors, while Clearpool focuses on uncollateralized lending with open tenor lines and dynamic rates driven by utilization, operating predominantly in a permissionless manner. Similarly, Goldfinch utilizes fixed-term maturity pools with set interest rates, and entities like FalconX or Hidden Road, acting as centralized prime brokers, provide their clients with leverage secured by the borrowers' margins and enforced by sophisticated risk engines. Additionally, each of these platforms often caters to specific borrower profiles, such as market-neutral HFT firms, SMEs, or fintech companies.
<aside> 💡 What is needed is a truly neutral infrastructure that can unite lenders and borrowers from all segments of the market.
Meet Accountable V2: A Central Hub for Comprehensive Lending Solutions designed to facilitate borrower-lender interactions in a data-driven manner, allowing them to engage precisely as they desire, without being constrained to a specific label or market niche.
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Instead of creating another credit platform dedicated to one particular style of lending, we aim to provide our users with the tools they need to create the structures that work best for them. Our experience building M11 Credit taught us that a one-size-fits-all approach does not suit everyone; often, platform constraints made it extremely challenging to facilitate deals as desired.
At Accountable, we don’t dictate how our clients should conduct their business; we empower them to operate securely and provide all they need to make their experiences as smooth and seamless as possible.
Overview: Accountable's RFQ system revolutionizes the borrower-lender matchmaking process with a strong emphasis on privacy.
Details:
Description: Individual lenders, borrowers, protocols, prime brokers, and other parties can participate in the Accountable RFQ system. This system enables the matching of the right counterparties with each other based on specific lending criteria and conditions powered by verifiable data.