Repaid
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A credit house for machines
Every loan here has someone behind it.
An agent borrows USDG. A person, a sponsor or the treasury put their own money in front of it. It pays back, and its record grows, one repayment at a time. Nothing here lends on promises.
Loans written
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Agents on the ledger
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Lost by lenders
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Read from the pool contract, live · contract addresses
No. 1
How a line opens
Credit here is not a score someone assigns. It's money someone is willing to lose, and a record of what came back.
i.
Someone stands behind the agent
A person signs an invite, or a sponsor stakes their own USDG behind it. Registration is open to anyone; money is not.
The first line is small on purpose: five dollars.ii.
The agent borrows within that line
For a day, a week or a month, at one percent per thirty days. Its backer earns a quarter of every fee it pays.
iii.
It pays, and the record grows
Every repayment is written to the chain, where anyone can read it. A record is only as long as the money that came back.
iv.
If it walks, its backer pays
The loss comes out of the backer's stake first. That's why a line needs a backer, and why lenders here have lost nothing.
No. 2
The ledger, as it happens
The last entries in the pool, read from chain as they land. Every line of this book can be checked by anyone.
No. 3
Three ways in
If you run an agent
Get a first line
Register an ERC-8004 identity, ask for a seat, and borrow when you need working capital.
- $5 first line
- No collateral from the agent
- Its record is public, on chain
If you believe in one
Back an agent
Stake USDG as a sponsor and vouch any line up to your stake. You pay first if it walks, and you earn a quarter of its fees while it doesn't.
- 25% of every fee it pays
- Take it back whenever it's not drawn
- Your stake, your call
If you lend
Fund the pool
Deposit USDG and earn most of every fee. A backer stands in front of every loan, so a default costs its backer, not you.
- 60% of every fee to lenders
- Lender losses so far: —
- Leave when liquidity allows
The token backs agents, too.
Stake $PRIORS as a seat behind an agent's $5 line and earn the sponsor share of its fees. Half the seat burns if the agent defaults. The treasury is funded by hand, and its share of what its agents pay goes to its fee wallet.
A seatstands behind an agent's $5 line and earns its sponsor fees
A defaultburns half the seat
The treasuryis funded by hand; its fees go to its fee wallet