Uncollateralized Lending · Review
ActiveCredit Review 2026: Undercollateralized USDC Lending
Credit is an undercollateralized peer-to-pool lending protocol on World Chain where users supply USDC to a vault. It is small and new, with no audits listed, so treat it as high risk.
By the DappsAtlas editorial team · Updated
DappsAtlas score
4.0/10
Weak
Our verdict on Credit
4.0/10Credit suits experienced DeFi users who want to explore undercollateralized USDC lending on World Chain and accept high risk. Its strength is a simple vault interface with visible utilization and APY data. The main caveat is the lack of audits, tiny and falling TVL, and no published detail on how borrowers are vetted or defaults handled. Treat any deposit as speculative and keep it small.
Score breakdown
How Credit scores
- Security
- 3.0/10
- Ease of use
- 7.0/10
- Fees
- n/a
- Features
- 4.5/10
Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.
What is Credit?
Credit is a lending protocol on World Chain that lets users supply USDC to a vault. DefiLlama classifies it as lending and describes it as an undercollateralized peer-to-pool protocol. It has been listed since October 2025.
The homepage is a vault dashboard with Borrow, Vault and Analytics sections. It shows balance, total assets per vault unit, utilization and liquidity, along with an estimated APY chart. The footer credits Divine, and the Twitter handle listed is DivineResearch.
The protocol is very small. TVL is about $12,177, down 52% over seven days, and no audits are listed. The project does not include documentation on borrower selection or loss handling, so this review is limited to what is publicly visible.
How Credit works
Credit is a peer-to-pool lending protocol. Lenders deposit USDC into a shared vault and receive vault units. The value of each unit is shown on the homepage as total assets per vault unit, so it rises as interest accrues.
Borrowers draw from the pool. DefiLlama describes the loans as undercollateralized, meaning borrowers do not have to lock up assets worth more than the loan. This differs from typical on-chain lenders such as overcollateralized markets, where liquidation protects lenders.
The project does not explain how borrowers are approved, how interest rates are set or what happens in a default. Those are the main things a depositor would need to understand before supplying funds.
5 features
Key features
01
USDC vault deposits
Users supply USDC to a shared vault and receive vault units that represent their share of the pool.
02
Undercollateralized loans
The protocol is described as undercollateralized, so borrowers can take loans without posting full collateral.
03
Peer-to-pool model
Lenders supply to a pool instead of matching with individual borrowers, which pools liquidity and risk.
04
Vault metrics and APY chart
The vault page shows balance, total assets per vault unit, utilization and liquidity, plus an APY chart over 7D, 1M and All.
05
Borrow and analytics tabs
The interface has Borrow, Vault and Analytics sections, with a supply and withdraw panel for managing a balance.
Pros and cons
What we like
- Simple vault interface for supplying and withdrawing USDC
- Stablecoin deposits avoid price exposure to a volatile asset
- Vault page shows utilization, liquidity and APY history
- Offers access to uncollateralized lending, which few on-chain protocols provide
- No token is needed to participate
Watch out for
- TVL is only about $12,000 and fell 52% in the last 7 days, which points to very thin liquidity
- No audits are listed in DefiLlama
- Undercollateralized lending carries default risk that depends on borrower vetting, and the project does not say how borrowers are vetted
- Little public documentation on APY sources, fees or loss handling
- Runs only on World Chain, a young network with limited tooling
- No governance or protocol token is listed, and the project does not describe a team or its track record
Credit fees
The project does not publish any fee schedule, such as management, performance or withdrawal fees. The homepage shows an estimated APY, which users should check on the vault page before depositing.
Network gas costs on World Chain would also apply to deposits and withdrawals. Review the Terms on the site for anything not covered here.
Is Credit safe?
No audits are listed on DefiLlama for Credit. Smart-contract risk is therefore unquantified, and public sources mention no bug bounty or incident history.
The larger risk is credit risk. With undercollateralized lending, depositors depend on borrowers repaying, and the project does not describe underwriting, reserves or default procedures. Liquidity risk also matters: with TVL near $12,000 and a sharp weekly drop, withdrawals could be constrained if utilization is high. Only deposit what you can afford to lose.
6 steps
How to get started with Credit
- 1
Confirm that using a DeFi lending protocol is allowed where you live and that you understand the risk of loss.
- 2
Set up a wallet that works with World Chain and fund it with USDC and a small amount for gas.
- 3
Open the official Credit site and check the vault page for utilization, liquidity and the estimated APY.
- 4
Read the Terms and Privacy pages and look for any documentation on borrowers and defaults.
- 5
Connect your wallet and supply a small test amount of USDC first.
- 6
Monitor the vault and withdraw if liquidity or utilization changes in ways you are not comfortable with.
Who Credit is for
Credit is for experienced DeFi users already active on World Chain who understand credit risk and are comfortable with an unaudited, early-stage protocol. It is not suited to beginners or anyone who needs guaranteed access to their funds.
Credit FAQs
What is Credit?
Credit is described by DefiLlama as an undercollateralized peer-to-pool lending protocol on World Chain. Users supply USDC into a vault, and that liquidity is made available to borrowers.
What yield does Credit offer?
The homepage shows a USDC supply and withdraw interface with an estimated APY chart. The project does not state the actual APY or how it is generated, so check the live vault page for current figures.
Is Credit safe?
The project does not say whether loans are covered by collateral at all. Because the protocol is described as undercollateralized, depositors rely on borrowers repaying, so losses are possible. Details of how borrowers are selected or how defaults are handled are not public.
Which chain does Credit run on?
DefiLlama lists World Chain as the only chain. The vault is denominated in USDC.
Does Credit have a token?
No token is listed in DefiLlama for Credit, and the project does not mention one. Be cautious of anyone claiming to sell a Credit token.
Who is behind Credit?
The homepage footer credits Divine, and the project's Twitter handle in DefiLlama is DivineResearch. The project does not name individual team members.
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Guides
Guides about Credit
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dApp basics
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How we checked
Sources
Last updated . Spotted an error? Tell us and we will correct it.