Scenarios of WISE Credit

Governance

On-Chain governance plays an important role in the modern days web3 industry. Platforms like snapshot and TON Vote plays the key role for projects to test their on-chain proposals. On-Chain votings on these platforms are simply based on identical wallet addresses and their holdings.

WISE Credit can bring flexbility and authenticity to on-chain governance by weighting votes based on a comprehensive assessment of a user's standing in the community.

With WISE Credit, a user can be considered as a real trustworthy human being, and weighted based on their credit. WISE Credit ensures that decisions are influenced by those who are most invested in the ecosystem's success, both financially and socially, leading to more balanced and community-aligned governance outcomes.

Defi

In decentralized finance, WISE can enable more fine grained risk assessment and personalized financial products.

Lenders could offer better rates to borrowers with higher WISE Credits, their creditworthiness is measured based on more than just their capital capabilities.

Smart contracts could automatically adjust terms based on WISE scores, allowing for dynamic interest rates or collateral requirements. This could lead to more efficient capital allocation and reduce the over-collateralization often required in DeFi lending.

Decentralized Social Networks

WISE can enhance trust and reputation in decentralized social networks by providing a full view of a user's credibility.

Content creators with high WISE scores could gain more visibility or monetization opportunities. Users can also bring their digitalized infuence from one platform to another with no barriers.

WISE Credit also helps identifying and promoting valuable community members, which drives social engagement and interactions.

Real World Assets

For tokenized real-world assets, WISE Credit bridges the gap between on-chain and off-chain reputation.

When dealing with physical assets like real estate or art, WISE Credit could influence access to exclusive offerings or determine priority in oversubscribed deals. WISE could provide a more comprehensive assessment of a user's reliability and credibility, which is crucial for handling high-value real-world assets in a decentralized environment.

Sybil Resistence

WISE Credit is assessed based on multiple dimensions of users' on-chain and off-chain data. Which makes WISE Credit naturally Sybil resistant. Having fake identities is extremely costly and impractical.

The multidimensional nature of WISE, incorporating wealth, identity, social impact, and engagement, creates a complex profile that is difficult to fabricate.

Protocols could leverage WISE Credit as the barrier to boost real user engagement and incentivization, which boosts a healthier ecosystem growth and improves capital efficiency.