dCUN: decentralized Credit Union Network

dCUN: decentralized Credit Union Network is rated 3 out of 5 in the category financial services. Read and write reviews about dCUN: decentralized Credit Union Network. dCUN directly links the liquidity-rich to the liquidity-scarce on a peer-to-peer basis, widening loan coverage and effectively reducing borrowing cost. dCUN participants - borrowers, credit unions (loan brokers or financial service providers), lenders (liquidity providers) and guarantors (loan collateral providers) - are connected globally through blockchain, decentralizing lenders’ market power and responsibilities to all the participants in the loan. dCUN breaks down the loan to liquidity and risk, where borrower’s credit risk is primarily taken by the credit guarantee fund, minimizing individual guarantor’s burden and making the lender provide liquidity on credit risk free basis. The credit guarantee fund is made up of a pool of platform fee collected from all the borrowers to reimburse lenders for the borrowers’ potential default. While the facial currency of the loan is the digital currency issued by dCUN to bypass cross border transaction cost and to be securitized on-chain, the real denomination is the borrower’s choice of fiat currency so the borrower does not have any exposure to foreign or crypto currency risk. Both guarantors and lenders are chosen through global auction with multi-party computation to ensure security, fairness, and convenience, ensuring the most favorable borrowing conditions and investment/lending opportunities for both the borrowers and liquidity lenders/credit guarantors on a global basis. Each participant in dCUN, whether a lender, a guarantor, a credit union or a borrower, works for his or her own interest, but dCUN’s economic/incentive system is designed in such a way that all things work together for good to those participating in dCUN community. dCUN’s Vision: Making a Fountain of Credit and Liquidity to be shared by the World * Empowering people to build credit community and bring the world closer together with easier and efficient access to liquidity. * Online distribution, sales and marketing platform in finance