𝗩𝗜𝗡𝗖𝗘𝗡𝗧

i was reading a recent blog of something on google private credit is giving way already , some funds like blackstone are facing heavy withdrawals meanwhile default rates are rising up to ~9% traditional private credit is broken because of too many intermediaries, conflicts of interest, high costs and opaque processes and there is the truth problem whereby the system depends on humans to report borrower data and they can manipulate it soo… basically no one fully trusts the data used to enforce them so a solution can be made for this bring private credit onchain using smart contracts the rules and processes become automated and immutable although there are still some limitations with this tho smart contracts can enforce rules perfectly but they cannot verify real world data something important is missing so what’s that …. the DETERMINATION LAYER the determination layer converts messy real-world data into verifiable truth that smart contracts can trust rialo is building a determination layer which will be able ->to-pull real word data directly ->handle complex real-world loan agreements ->compute results privately without a determination later , on-chain private credit will remain a tokenised wrapper around the same opaque system that we know of today now this determination layer is made possible by REX ( rialo confidential computing environment) i have made a few posts on that already before REX will connect smart contracts to real-world APIs2 with all this in place, credit markets will be more efficient, composable, secure, transparent and more accessible.

Fren, nobody owes you anything. Stop being entitled.

Hyyyy ❤️ No motivation for today but don’t give up

for your own sanity, do not get obsessed with someone you are not in a relationship with.