Nomis Protocol is a web3 credential and scoring data network. Built on an open and collaborative infrastructure, the protocol helps web3 developers and other protocols leverage credential data to build better products and communities. At the same time, data curators are rewarded when credentials are used in Nomis Protocol’s Application Modules, Credential Oracle Engine, and Credential API.

<aside> 👨🏻‍💻 We are currently at the MVP stage → feel free to test our MVP here (get your on-chain reputation score), plus check our GitHub here and pitch deck here.

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Table of Content

1. Introduction
2. Problem
3. Solution
4. Solution Explained
5. The Algorithm
6. Team

Introduction

Nomis Protocol is an open-source protocol which provides dynamic APR, utilization rate and collateral size, which are calculated and balanced based on wallets’ on-chain data. The protocol operates on its own native token.

Problem

The lack of a reliable and transparent system for evaluating identity and reputation on the web3 is hindering the growth and adoption of decentralized applications. This is especially problematic for users in underdeveloped economies who may not have access to traditional financial systems and rely on decentralized finance solutions. Additionally, the lack of a standardized system for evaluating identity and reputation makes it difficult for developers to build trust and ensure the security of their applications. Nomis Protocol aims to solve this problem by providing an open and collaborative infrastructure for web3 credential and scoring data.