Lucia Protocol

Lending and borrowing protocol. It aims to grant individuals and startups access credit through a foundation of trust. Users can use their funds for real world payments through a virtual credit card.

We are pre-market product with revenue from a pivot, with 3 paying customers.
We have at least 4+ partnerships in the pipeline.
We launched our waitlist recently without marketing and have 7 emails.
Prepared a networking and fundraising event with +100 web3 VCs and web3 startups

Small/ seed startups and individuals are struggling in traditional finance to lend credit without an extensive application process.

According to the Word bank report at least 1.7 billion users are still unbanked. These people are never able to access credit.
The avg. credit application takes at least 10 business days. There is a low and ambiguous acceptance rate, this process should be transparent.

We are offering to individuals and startups with an alternative financing option to traditional banks.
- We support undercollateralized loans
- Insurance agains default
-Transparent Application Process
- Lower fees than credit cards.
- 3.5% cashback

We have several fees associated with the revenue model:
Merchant Processing Fees - 3%
Outstanding balance rate - 12%
Repay balance reward - 0.09%
Liquidations - 20% from loan

Besides this, we are creating flash loans for cross-exchange trading. We are creating flashloans as both: product feature and use them for internal transaction execution. Our objective is to demonstrate that outcomes can be reliably calculated, leading to consistent results on a regular basis. We can measure how transaction atomicity increases the arbitrage revenue.

We are currently at cintrifuse: https://cintrifuse.com/