PANews reported on March 12 that according to an official announcement, the lending protocol 3Jane Protocol released a white paper proposing a non-collateralized cryptocurrency lending model that allows users to borrow based on future cash flows. The protocol provides USDC credit lines through verifiable financial proofs (including on-chain DeFi assets, centralized exchange assets, bank assets, and credit scores) without the need for traditional on-chain collateral.

3Jane's core features include:

1. Core currency market: depositors can deposit USDC to obtain USD3/sUSD3 and obtain credit market returns. Borrowers can connect ETH addresses and bank accounts to instantly generate 0% collateralized USDC credit lines.

2. Credit Assessment System: Utilize 3Jane’s 3CA credit assessment algorithm, combined with on-chain credit scores such as Cred Protocol and Blockchain Bureau, and off-chain credit data such as VantageScore 3.0, to conduct risk assessment.

3. Credit recovery mechanism: For defaulting users, 3Jane will reduce their 3Jane credit score and sell the non-performing loans (NPLs) to licensed debt collection agencies in the United States for recovery through an on-chain Dutch auction.