Sometimes you need more than you have in the moment. To realize a dream. To cover an emergency. This is why credit exists. But why let banks and credit agencies have a monopoly on such a vital resource? Enter Union, permissionless credit, now supporting USDC on @base.

One of the biggest missing pieces for onchain p2p credit has been access to a social graph.

help us test CreditClub ~ a defi protocol for deploying tokenized credit pools (uncollateralized). the first credit club is Builders Credit ($BUILDERS) supporting top onchain builders on base! ◸ ◹ ◺ 🦫 ◿ ▹ the top 1000 addresses with a @TalentProtocol score & isHuman can mint a Builders Credit membership. ▹ If you believe thats a good group to underwrite, you can fund the $BUILDERS ico (“initial credit offering”). ◈ Once it reaches $10k. ◌ Members can borrow uncollateralized. Interest grows the clubs stake. ◌ 10% will be deposited in an LP ◌ in 91 days $BUILDERS token can be redeemed for a share of the stake

introducing @creditclub_eth ~ tokenized credit unions.

cant get liquidated if the loans uncollateralized

UIp18 has been passed and successfully executed. Stake and debt limits have all been raised.

# why onchain credit?

Our token distribution strategy is simple: Use the onchain credit protocol, Earn the onchain credit protocol token.

credit is ev

Union Token(UNION) is now streaming successfully from Union dao treasury to the comptroller on Base. If you are staked, you can now withdraw rewards and use UNION on L2. If you haven’t staked yet, Union rewards are ongoing and live through at least 2025. Note : the base CA is 0x2c613Ecf0966b84562d3A083227C753B4d5ABF12

RT @JacobShiach: Im gonna start putting my money where my mouth is. Moving $10k of my traditional savings to @unionprotocol on @base and u…

How many of your friends would you lend money to if they asked? How many of those same friends are borrowing money from banks… …at APRs higher than your bank pays you for your savings?😓🤦‍♀️ peer-to-peer credit = more interest for lenders & lower rates for borrowers. 💳🤝💵

How many of your friends would you lend money to if they asked? How many of those same friends are borrowing money from banks… …at rates higher than the banks paying for your savings deposit? Multiply that by every trusted friend. That’s the value of a p2p credit network.

Crazy idea…it’s good actually to invest in your friends.

❄️Say hello to Santa’s littlest helper, there are many miles to go for a creature soo small, help this penguin find its way through the sleet and the snow, to those who supported you this year. On 12.25 whoever holds this token will receive a bit of the credit they deserve. 🐧🎁