Model release notes

Cred Protocol is continually ingesting on-chain data to train and test our credit models. This page contains the main highlights of each model version update.

v1.5.1

28 Dec 2023

The latest model has been updated to better reward accounts with stable token composition in their wallets. We have also addressed a small bug for accounts on the Celo blockchain.

v1.5.0

09 Sept 2023

The Cred Score, Report and Summary API now have complete coverage of non-lending behaviour on Celo. Accounts with activity on Celo will now have this taken into account in their score and report

v1.4.6

30 Aug 2023

The Cred Score now includes data from Impact Market and Good Dollar on the Celo blockchain. These universal basic income (UBI) protocols enable users to build a financial history, which can then be scored by Cred Protocol

v1.4.5

29 June 2023

The Cred Score, Report and Summary API now have complete coverage of borrowing behaviour on Radiant V2 on Arbitrum and Binance Smart Chain

v1.4.4

6 June 2023

The latest model release considers limited or no-borrowing history more conservatively resulting in declines in Cred Score for these accounts. Overall, the score is slightly more conservative for the majority of accounts.

v.1.4.3

24 May 2023

We have adjusted the time-weighting of Cred Scores. This feature applies a decay factor to events based on their recency, resulting in more up-to-date scores. By reducing the weight of past events, we provide you with more relevant and contextually accurate scores.

v1.4.2

17 May 2023

The Cred Score, Report and Summary API now have complete coverage of borrowing behaviour on Banker Joe on Avalanche

v1.4.1

11 May 2023

The Cred Score, Report and Summary API now have complete coverage of borrowing behaviour on Geist Finance on Fantom

v1.4.0

9 May 2023

We are happy to announce that the Cred Score, Report and Summary APIs are now cross-chain for all accounts with activity on Polygon! To do this, we have integrated new non-lending features on Polygon.

v1.3.4

13 April 2023

The Cred Score, Report and Summary API now have complete coverage of borrowing behaviour on Iron Bank Protocol on Avalanche, Ethereum and Fantom

v1.3.3

6 April 2023

The Cred Score, Report and Summary API now have complete coverage of borrowing behaviour on Iron Bank Protocol on Avalanche

v.1.3.2

30 March 2023

The Cred Score, Report and Summary API now have complete coverage of borrowing behaviour on Venus Protocol

v1.3.1

28 March 2023

The latest model considers limited- or no- borrowing history more conservatively resulting in ~5-10 point decline in Cred Score. We have also introduced a new non-lending feature that rewards accounts with substantial cross-chain activity.

v1.3.0

27 March 2023

The Cred Score, Report and Summary API now have complete coverage of non-lending behaviour on Optimism. Accounts with activity on Optimism will now have this taken into account in their score and report

v1.2.1

24 March 2023

The Cred Score, Report and Summary API now have complete coverage of borrowing behaviour on Vesta Finance

v1.2.0

22 March 2023

We are happy to announce that the Cred Score model is now cross-chain for all of its non-lending features. Accounts with transactions on Arbitrum will now have this activity reflected in the score.

To do this, we have integrated new non-lending features on these chains to enable a cred score for any account regardless of whether they have borrowing history or not. We will be announcing further cross-chain coverage for additional chains in the coming weeks.

v1.1.5

20 March 2023

The Cred Score model now has coverage of borrowing behaviour on Radiant v1 on Arbitrum

v1.1.4

17 March 2023

The Cred Score model has been updated to greater reward borrowers that have made multiple regular repayments on their loans. This change underlines our commitment to incentivise and reward borrowers who are active custodians of creditworthiness

v1.1.3

9 March 2023

The Cred Score model now has coverage of borrowing behaviour on Liquity

v1.1.2

2 March 2023

The Score model now has complete coverage of borrowing behaviour across all chains for Aave v3 (Arbitrum, Avalanche, Fantom, Optimism, Polygon & Ethereum)

v1.1.1

22 February 2023

The Score is now informed by borrowing history on the recently launched Aave V3 on Ethereum. In addition, the score now also assesses the liquidity of tokens in a wallet.

A more conservative approach has been taken to users with limited or no borrowing history resulting in a ~25 point decline in the Cred Score.

v1.1.0

14 February 2023

The latest upgrade to our crypto credit score model, now features support for MakerDAO protocol.

As one of the earliest and most prominent protocols in the cryptocurrency space, we recognise its significance in shaping the industry. With this addition, our credit scoring system will ingest data from MakerDAO, Aave V2, Compound V2 and Teller V2, providing a more comprehensive score. We are excited to continue advancing our technology to better serve the crypto community.

v1.0.6

10 February 2023

The latest model considers limited- or no- borrowing history more conservatively resulting in ~25 point decline in Cred Score. Informed by transaction and borrowing activity associated with capital-efficient and under-collateralized lending, the consequence of loan "default" now has an even greater effect on creditworthiness.

v1.0.5

3 January 2023

Enhanced evaluation of loan liquidations, delinquencies and defaults, resulting in lower scores for accounts associated with these events.

v1.0.4

16 December 2022

Update in model parameters to slightly boost the Cred scores of those with strong lending history and significantly reduce scores of those with limited lending history and/or sequential liquidations.

Fix on errors for accounts with both Aave V2 Ethereum and Teller V2 Ethereum / Polygon history.

v1.0.3

2 December 2022

Inclusion of new features related to the quality of tokens within the wallet.

A tweak in how we assess accounts with no borrowing history. The new model places more emphasis on previous borrowing history and so those accounts without borrowing history have seen their scores fall 10-14%.

v1.0.2

8 November 2022

Significant upgrades to the universal feature set which is greatly expanded to improve wallet creditworthiness evaluation and increase accuracy. The model now takes into account attributes covering a wide variety of factors.

v1.0.1

9 September 2022

Merging of the previous multi-track model into the universal Cred Score model which retains the strong predictive power for borrowing-related outcomes but also capitalizes on the flexibility offered by the universal feature set.

v1.0.0

7 July 2022

Initial multi-track model with distinct scoring mechanisms for accounts with and without borrowing history. Accounts with no borrowing history are evaluated based on "universal features" covering on-chain activity of interest. Accounts with borrowing history are evaluated by a model with strong predictive power for borrowing-related outcomes (methodology and predictive proof).