History of Credmark

Credmark was started in the summer of 2018 by Neil Zumwalde and Paul Murphy. After initial experimentation with on-chain peer-to-peer lending, Neil and Paul realized that on-chain data describing address-based behavior and risk was necessary. At that point, Credmark was conceived as an alternative credit rating agency, quantifying leverage for addresses, protocols, and institutions. Momin Ahmad was brought onto the team to provide quarterly reports(20) of the crypto lending industry, and subsequently discovered DeFi data inconsistencies across data providers.
In their analysis and development of risk management tools, they realized that self-governing organizational structures could be leveraged to provide rapid development of tools addressing the aforementioned data issues. Consequently, the team developed the protocol described in this paper in early 2021.