As most crypto enthusiasts know all too well, poor user interfaces remain one of the biggest obstacles to mainstream adoption. This partnership is set to take DeFi one step closer to mainstream RWA adoption.

Collaborating closely with financial institutions across emerging markets, the Creditcoin network has been working since 2019 to onboard businesses, financial institutions, and more. By simplifying RWA integration with the wider blockchain ecosystem, the protocol is connecting real-world companies directly to DeFi.

Its financial partners already utilize the Creditcoin network to record and secure their customers’ loan transactions on-chain. In turn, allows those customers to build their credit reputations on a decentralized public ledger.

Since the launch of the protocol, Creditcoin has achieved the following on-chain lending milestones:

• Number of loan transactions: 4.27M+
• Total loan value: $79.7M+
• Number of loans: 909k
• Number of serviced users: 337k

Since its inception, SubWallet has been dedicated to providing an unparalleled user experience. Serving as the one-stop shop for multichain wallet and dApp services across the Polkadot, Substrate, and Ethereum ecosystems. SubWallet offers a suite of wallet tools such as a multi-browser extension, mobile apps, and a dedicated web dashboard (dropping later this year).

SubWallet’s powerful dApp browser is set to greatly benefit both new and existing Creditcoin users. By enabling native CTC token support and streamlined access to Creditcoin’s Staking Dashboard and associated staking features, both on your mobile on-the-go or from the comfort of your desktop, SubWallet is your key to participation in the world’s biggest RWA protocol today.

“Our mission is to bridge the gap between traditional financial instruments and innovative multichain solutions that improve the lives of users, businesses, and the various other stakeholders of the global economy. This partnership propels us another step closer towards that goal,” — Tae Oh, the Founder of Creditcoin.

ABOUT Creditcoin

Creditcoin is the world’s leading real-world asset infrastructure chain, with over 3 million credit transactions recorded to-date. By matching borrowers, lenders and investors on-chain, the protocol is paving the way for a new generation of globally interoperable credit markets.

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SubWallet has received Polkadot Treasury for building a user-friendly Web3 Multiverse Gateway for Polkadot and Kusama ecosystem. As of today, the two proposals for milestone #1 & #2 have been widely supported by the community and approve by the Council.

Polkadot Treasury

SubWallet’s Approved Proposals

After completing Milestone #1, they expand and veer towards integration. NFTs on RMRK and Unique, EVM assets on Moonbeam & Moonriver, & Substrate Connect are important pieces that are integrated. Our second proposal was table via Motion #253 and approved on September 5.

Moving Forward

About SubWallet

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Kusama Parachain Auction

SubWallet Integrates SNOW Network. SubWallet will be powering contributions to the SNOW crowdloan for Kusama’s 51st parachain auction, starting at block #14212801. Crowdloans allow community members to stake their KSM or DOT tokens in support of a parachain’s auction bid. In return, supporters receive a variety of bonuses and incentives once the slot is secured. SubWallet users will be able to contribute to the SNOW crowdloan within just a couple of clicks!

SNOW Crowdloan supporters will receive a base reward of 4,000 $ICZ per delegated $KSM. Early supporters can receive up to 4,000 extra $ICZ per delegated $KSM (this early bird reward decreases linearly with cumulative $KSM raised).

Friend referrals will also yield a double bonus 5% – 5% extra awarded to referrer and 5% extra awarded to referee. To access the referral code, connect your SubWallet browser extension to the SNOW crowdloan page and click the referral button at the top.

About SubWallet

SubWallet pioneering user-friendly Web3 Multiverse Gateways for the Polkadot and Kusama ecosystems. With the mission of bringing crypto users closer to the Dotsama ecosystem and opening the Web3 universe, SubWallet is focused on building a product that provides the simplest and most secure way to connect to blockchain-based applications like Dotsama ecosystem DeFi and GameFi.

With SubWallet for mobile to come soon, users will be able to monitor their assets and dApps on the go! Check out the SubWallet communication channels below:

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About SNOW Network

SNOW an EVM & eWASM compatible Kusama parachain and the canary network for the ICE parachain. Optimized for BTP cross-chain interoperability, SNOW will feature industry-leading cross-chain applications and the backing of a vibrant L1 community. SNOW (the Kusama parachain) and ICE (the Polkadot parachain) are both the result of the ICON blockchain’s vision for decentralized interoperability.

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