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Lending & Credit Scoring Platform

The DEMON Network is introducing a creditworthiness assessment system in decentralized finance (DeFi) using the Dharma protocol. By analyzing a user's transaction history, merchants can evaluate credit risk and make informed decisions about providing credit in the form of tokens. The Dharma protocol enables tokenized debt agreements, allowing any token to be used for loans that can be bought, sold, and interacted with on the blockchain. This innovation has the potential to expand DeFi by enabling more sophisticated financial products and services in a decentralized manner, promoting a fair and accessible global financial system.