SmartCredit.io earns from the AI and Big Data Services (fraud detection, transaction monitoring, credit score, user segmenation). SmartCredit.io earns as well 0.5% from the loan volume.
SmartCredit.io takes a 0.5% fee from the loan volume. This fee does not depend on the loan term; it’s always 0.5%. This platform fee is added to the borrower's interest payment.
Part of the borrower's interest payments is allocated to the Loss Provision Fund, which the project guarantees. However, this does not count as revenue for the platform - these are loss provisions for unexpected events. This can be considered platform insurance too.
SmartCredit.io does not earn on borrowers’ liquidations. The remaining funds are transferred back to the borrower’s credit line if liquidations are required. The borrower can use these assets later (or withdraw these assets from his credit line).
The lenders do not have any fees on the platform. They create FIF's and deposit funds. Lenders need to pay only gas for these transactions, and that's it.
SmartCredit.io is paying gas for matching borrowers’ and lenders’ orders (matching is done between the credit lines and fixed-income funds). Parts of the 0.5% fee are used to pay gas for Ethereum transactions or to cover the infrastructure costs.