Civic Pass helps create a permissioned environment, based on digital identity, for DeFi or any dApp.
Civic provides a KYC solution, through Civic Pass, that a dApp provider can use as an input to their compliance program. Solrise DEX Pro uses Civic Pass to determine which participants meet their rigorous standards for verification prior to allowing them the ability to trade. From Solrise DEX Pro, users are guided to use Civic's identity verification technology solution. Once the user has completed the Civic Pass screening process, Solrise DEX Pro will use the results of the screening to allow trades on the DEX. Civic and Solrise DEX Pro leverage Identity.com’s protocol, to enable use of each granted Civic Pass. As the user continues to trade on the permissioned DEX, Civic Pass monitors the user for ongoing adherence to the rules, enabling dApps to make decisions, such as to revoke access should a breach of rules occur.