Underwriting on the GRAJ protocol. One fee. 195 countries. Join the protocol.
Credit decisions in wholesale are made on thin information, which is why they default to proxies — how long you have traded, who introduced you, whether you look like previous borrowers. Those proxies exclude people who would have repaid, and a protocol that records real trade can do better than that.
Whether this counterparty will pay, in full, when they said. Everything else is a stand-in for that, and most stand-ins encode who has borrowed before rather than who repays.
A history of orders placed, delivered and settled on time is direct evidence about the thing being predicted. It is available for operators with no credit file at all, which is most of the world.
A trader with a decade of reliable business and no formal record is not a credit risk — they are an information problem, and treating the two as the same is what keeps capital away from the people who have earned it.
It records the evidence, computes contribution from an append-only log, and makes both available to a funder assessing an operator. It does not lend, does not price credit and does not make the decision.