While DeFi has opened up infinite possibilities for lending companies, the transactions are only limited to collateral-based lending and financial arbitrage for the majority part of the existing DeFi Industry. This may look like an ideal scenario, but there exists a definite void between the DeFi crypto world and fiat world lending use cases. The TVL of DeFi stands at $75 billion, and a global, stable coin infrastructure like Federal Money can scale it up to the fiat $43 trillion in consumer lending.

This opportunity fuelled the vision of Federal Money of unlocking the full potential of DeFi lending by bridging the gap between the crypto world and the fiat-operated world. Creating a global, multi-level, algorithmic stable coin infrastructure, backed by a People-Powered Central Bank is the core of Federal’s unique value proposition. Federal’s vision is the outcome of a coterie of a predominately research-driven team - Conceived by ten PhDs and cryptographic researchers from top-tier global business schools after two years of intensive research and analysis.

Machine Proof of Credit (MPOC) is another transformation Federal Money will bring about by creating a truly borrower-centric model. This will free users from declaring some kind of asset as collateral which limits borrowing capabilities. Federal’s non-collateralized lending will be powered by credit miners, lenders, and borrowers across all markets through machine-generated Universal Credit Score (UCS) credits, which will serve as universal collateral across all platforms -a game-changer in the Defi lending ecosystem.

Federal Money bridges the existing concerns of Privacy & Anonymity in DeFi with a second layer of Federal Anonymity and Privacy Protocol (FAP) that rides on layer 1. This will serve as augmented protection and users have the option of deciding whether they wish to make a transaction log public without compromising on the integrity of the vision of decentralization itself.

Federal Money is an open finance lending platform at point of sale powered by a global, algorithmic decentralized bank. Federal is well-aligned to meet the opportunities offered by the new DeFi open lending infrastructure through its suite of offerings designed to bridge the gaps in the crypto lending world and the fiat world. For more information on Federal Money, you can check their website and whitepaper.

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