30 Days of Summer in Open Beta
40,000 Macro Scores later, here's a snapshot of what we've learned and where we're headed in Q4.
A month since Open Beta launch, we’re almost at 40K generated MACRO Scores, a thriving leaderboard environment, and have a spanking new mission: cracking the credit risk assessment problem in web3.
With your overwhelming support and feedback, we’ve tweaked our ML models, tested some of our assumptions regarding utility, and are moving forward with our API (make sure to follow us on Twitter for release dates and updates). We’ll be conducting in-depth “user research” with a heavy focus on the value-add for devs/builders as well as end-users. Eager to get your hands on our SDKs?
Throughout September, we’ve been busy building and envisioning the future of lending in Web3. Here’s a quick debrief in case you missed…
🌐From Around the Web:
Why we invested in Spectral, on-chain credit scoring for web3
Spectral wants to make it easy for users to bundle their Ethereum wallet addresses to provide the data needed for holistic credit risk assessment.
Our Investment in Spectral: Building Programmable Creditworthiness
“Traditional finance’s credit risk infrastructure isn’t perfect either. Credit scoring is gated by an oligopoly of institutions in most Western markets and controlled by the government in other large geographies.”
🔎Insights, Discoveries, and Deep Dives:
An in-depth look at the intricacies of the MACRO Score. Our data science team details how they defined the problem, gathered data, engineered features, and constructed a model.
One theme that may come as a surprise is the close connection between financial inclusion and credit assessment. DeFi offers an unprecedented opportunity to further expand access and accessibility to credit by developing risk assessment infrastructure.
The response to our Open Beta Launch was astounding, tens of thousands of wallets connected to Spectral’s app and generated unique MACRO Scores. Read on to hear how we got this far.
💗The Power of Community
Thank you for your continued support (especially to the 800+ people who joined our Discord Open Beta Launch party). If you were there for the celebrations make sure to claim your POAP (and check our Discord general channel for our #memeptition winner announcement).
Missed out on all the fun this time around? There will always be more parties, sneak peaks, product updates, educational content and general fun to be had on our Discord channel in the future— join us.
🍎Speaking of FUN…
After spending the daytime hours discussing and refining our vision and product roadmap at our FIRST in-person offsite, we ubered en mass for a scavenger hunt, toasted the team at the observation deck of the World Trade Center, and listened to jazz after-dark in glorious NYC before attending Mainnet as a team.
We would love to have you onboard. We’re currently looking for a talented visual designer and dynamic operations manager to join our team of Spectralites!
Where to find us next:
Onwards and upwards!
-Your Spectralites
Website | Github | Discord | Twitter | LinkedIn | ProductHunt | DappRadar