We're excited to announce the launch of custom Saddle-themed DeFi Passport NFTs in collaboration with ARCx! Check them out on OpenSea.
Your DeFi Passport consists of various scores based on your on-chain behavior. Reliable behavior on-chain improves your DeFi credit score in the ARCx ecosystem. The higher your DeFi credit score, the more you can borrow.
Keep reading to learn more about getting access to higher APYs and borrowing at the lowest collateral ratios based on your Ethereum wallet history.
ARCx DEFI PASSPORT
ARCx is a decentralized scoring protocol powering on-chain identity through issuing a DeFi Passport. The DeFi Passport, comprising various scores based on your on-chain behavior, let's you leverage your on-chain reputation.
ARCx issues the initial score to an identity based on an assessment of an address’s on-chain activity. Reliable behavior on-chain improves your credit score in the ARCx ecosystem. The higher your credit score, the more you can borrow.
SADDLE-THEMED DEFI PASSPORT SKINS
DeFi Passport Skins are custom NFT skins you can use to customize the look and feel of your DeFi Passport.
For this Saddle and ARCx collaboration, we'll launch a combination of basic skins and 10 unique Saddle-themed skins. Show your support and purchase a shiny new DeFi Passport skin on OpenSea! The sale proceeds will be split with ARCx and Saddle’s share will be sent to our community multisig.
DEFI PASSPORT BENEFITS
Aside from being a badass bandit who owns a rare passport skin, you'll be glad to know Saddle is integrating the ARCx passport library into the frontend, which will display the passport in the Saddle dApp for users who hold them.
Longer term, passports will enable holders to access unique yield farming pools, NFT drops, and other opportunities. Check out the ARCx roadmap for upcoming features!
Saddle is a decentralized automated market maker on the Ethereum blockchain, optimized for pegged value crypto assets such as stablecoins and wrapped BTC.
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