How CrediSom Works
Build your on-chain credit score through savings and responsible borrowing. Get better rates, lower collateral requirements, and access to DeFi lending.
What is CrediSom?
CrediSom is a revolutionary DeFi platform that brings traditional credit scoring to blockchain. Save money, build credit, and unlock better borrowing terms—all on-chain.
How It Works
Get Your Credit NFT
Mint your unique Credit NFT that represents your on-chain reputation. This soulbound token evolves as you build credit and cannot be transferred.
Start Saving & Earning
Deposit STT tokens into your savings vault and earn 5.2%+ APY. Regular savings behavior improves your credit score over time.
Borrow with Better Terms
As your credit score improves, borrow money with lower interest rates and reduced collateral requirements. Pay on time to keep building credit.
Key Features
Savings Vault
Earn competitive APY on your STT deposits while building credit through consistent savings behavior.
- 5.2%+ Annual Percentage Yield
- Withdraw anytime
- Credit score improvement
Smart Lending
Borrow with rates and collateral requirements based on your proven credit history.
- Credit-based interest rates
- Lower collateral for good credit
- Flexible repayment terms
Token Conversion
Easily convert between STT and stablecoins with real-time rates and low fees.
- STT ↔ USDC conversion
- Real-time market rates
- Minimal fees
Credit Tracking
Monitor your credit score progress with detailed analytics and performance insights.
- Real-time score updates
- Historical trends
- Factor breakdown
Credit NFT
Your unique, evolving NFT that represents your on-chain credit reputation.
- Soulbound (non-transferable)
- Evolving artwork
- Permanent reputation
Secure & Audited
Built on proven smart contract architecture with comprehensive security measures.
- Smart contract security
- Transparent algorithms
- Community verified
How Your Credit Score is Calculated
Payment History
On-time loan repayments
Savings Consistency
Regular deposits and balance
Credit Utilization
Debt-to-credit ratio
Account Activity
Platform engagement
Repayment Streak
Consecutive payments
Your credit score updates in real-time based on your financial behavior. Focus on making payments on time and maintaining consistent savings to improve your score.
Ready to Start Building Credit?
Join CrediSom today and start your journey to better DeFi lending rates. Connect your wallet, mint your Credit NFT, and begin building your on-chain reputation.
Frequently Asked Questions
What is a Credit NFT and why do I need one?
A Credit NFT is your unique, non-transferable token that represents your on-chain credit reputation. It's required to participate in the platform and evolves as your credit score improves.
How do I improve my credit score?
Focus on making loan payments on time (most important), maintain consistent savings, keep your credit utilization low, stay active on the platform, and build a repayment streak.
What tokens does CrediSom support?
CrediSom primarily uses STT (Somnia Test Token) for savings and USDC for lending. You can easily convert between STT and USDC using our built-in conversion tool.
Is my money safe on CrediSom?
Yes, CrediSom is built on secure smart contracts with transparent, auditable code. Your funds are protected by blockchain security and you maintain full control of your assets.
Can I withdraw my savings anytime?
Yes, your savings vault allows for instant withdrawals at any time. However, maintaining consistent balances helps improve your credit score over time.