ULT is the native token of Creditas. ULT is used as a collateral for lending. ULT shall also be used to reward community members in potential airdrops organised by the platform in the future.

Creditas users are able to participate in unique P2P lending/borrowing activities of supported tokens. Firstly, a loan has to be created by the borrower, then another user (the lender) funds the loan by lending to the borrower. The loan has the following characteristics: loan amount, interest, expiry date, and collateral. Collateral provided by the borrower is locked up by the system until the given active loan duration expires. The collateral is sent out to the lender if the borrower fails to repay the loan during the specified time. Simultaneously, if there is no lender, the borrower can claim his collateral back.