Data Miners
Data miners power OracleAI by building wallet-based credit histories, contributing DeFi activity to train AI models, and earning CRED rewards for every transaction.
Data miners play a critical role in creating and maintaining wallet-based credit histories on Credible, laying the foundation for OracleAI’s credit scoring capabilities. By simply connecting their wallets and transacting across supported DeFi protocols, they help build the robust database essential for training OracleAI’s machine learning models. As the saying goes, an AI model is only as good as the data it’s trained on, and this is where data miners are indispensable.
How It Works
Wallet Connection
Users seamlessly integrate their wallets with Credible’s platform, initiating the process of recording their on-chain activity.
Supported Protocols
Transactional data is captured from popular DeFi protocols, including Kamino, Solend, MarginFi, and Banx, ensuring a comprehensive view of user activity.
Incentives
For their participation, data miners are rewarded with CRED tokens, providing a strong incentive to remain active within the Credible ecosystem.
Contribution to AI-Driven Credit Scoring
Building Credit Histories
Every transaction recorded contributes to a user’s wallet-based credit history. This includes critical insights such as borrowing patterns, repayment behaviors, and overall financial activity on DeFi platforms.
Training AI Models
The collected data is fed into OracleAI’s machine learning models. The more diverse and comprehensive the data, the better OracleAI becomes at identifying patterns, assessing risk, and generating dynamic credit scores tailored to DeFi users.
Ensuring Accuracy and Transparency
With a robust and decentralized dataset built by miners, OracleAI produces transparent credit reports, democratizing access to reliable credit scoring in the DeFi ecosystem.
Impact and Vision
This approach shifts credit scoring away from traditional, centralized systems dominated by opaque credit bureaus. Instead, users build their creditworthiness transparently through blockchain activity. Data miners enable this transformation by contributing the rich, decentralized dataset needed to power OracleAI’s advanced models.
By rewarding users for every transaction, Credible not only incentivizes participation but also accelerates the development of a fairer, more inclusive credit infrastructure for the DeFi world.
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