Lending Protocol RociFi Integrates with zkSync Era

Decentralized lending protocol RociFi announced its integration with zkSync Era, allowing users on the network to borrow $USDC using $ETH as collateral.

RociFi is a credit market with an on-chain credit scoring model. It allows borrowers to take fixed-term fixed-rate stablecoin loans with reduced collateral while giving lenders the possibility to earn interest from depositing their assets into lending pools. The core of the protocol is the NFCS (Non-fungible Credit Score) credit token, which is a ERC-721 token that a prospective borrower mints to see if they are eligible or not for an under collateralized loan.