# New DeFi ‘passport’ could enable under-collateralized crypto loans
“# New DeFi ‘passport’ could enable under-collateralized crypto loans ” Decentralized finance (DeFi) protocol Arcx has announced the launch of Sapphire v3, a DeFi passport allowing crypto users to pseudonymously build and verify their reputation on-chain. Announced June 2, the DeFi passport will score users on a scale between 0 and 1,000, with Arcx advancing…