Web3 identity has officially taken into effect as the follow-up of #SBT, unlocking a new set of use cases in #DeFi and #DAO.
![Drep [new]](https://ap-south-1.linodeobjects.com/cointoken-static/83/29/60/DREP_icon.png?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=AFOQJOFXKQG8C7WFI2R4%2F20241002%2Fap-south-1%2Fs3%2Faws4_request&X-Amz-Date=20241002T223242Z&X-Amz-Expires=3600&X-Amz-SignedHeaders=host&X-Amz-Signature=259303caeb0ea3b9aa9fc3209899d7117134dac6c59c09911a7ed32e1ad1398d){kind=icon}
21 Oct 2022, 09:36
Web3 identity has officially taken into effect as the follow-up of #SBT, unlocking a new set of use cases in #DeFi and #DAO.
So,🤔
How does it build around DeFi credit?
What are the real benefits for #Web3 participants?
Let's take a look at what DREP can offer (🧵 1/4):
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21 Oct 2022, 09:48
What does DREP DID offer for DeFi world and Web 3.0 participants?🧐
Imagine it as a formless cryptographic badge for your credit, with which you will enjoy more possibility of:
☑️Frictionless on-chain KYC/ KYB
☑️Lower collateral requirements for accredited users
☑️Less friction, fraud, risks among DeFi interactions
Check out DREP open-structured DID tool model, we've got you a thread here 👇🏻
What does DREP DID offer for DeFi world and Web 3. 0 participants.
What does DREP DID offer for DeFi world and Web 3.0 participants?🧐
Imagine it as a formless cryptographic badge for your credit, with which you will enjoy more possibility of:
☑️Frictionless on-chain KYC/ KYB
☑️Lower collateral requirements for accredited users
☑️Less friction, fraud, risks among DeFi interactions
Check out DREP open-structured DID tool model, we've got you a thread here 👇🏻
https://twitter.com/drepofficial/status/1583391902027505664?s=46&t=22bPPReCtnn1P8BdHL81uQ