Introduction

Union is a member-owned credit protocol built on Ethereum where members can underwrite lines of credit to other member addresses.

Union operates as a DAO and enables any address to accumulate a credit line on-chain in a permission-less, crypto-native way. The protocol itself is not an underwriter of risk, but rather a mechanism to lower the cost of coordinating trust into available credit.

The Union Protocol is a credit network that enables any address to accumulate a credit line on-chain in a permission-less, crypto-native way. The protocol itself is not an underwriter of risk, rather a mechanism to lower the cost of coordinating trust into available credit.

By aggregating lines of credit, Union Members can source capital at a lower cost than any single member could on their own. This enables a virtuous circle of more available credit, lower borrowing costs, and increased lending activity.

For a quick intro, check out the Introducing Union blog post.

What does Union do that wasnโ€™t previously possible?

  1. Creates efficiency. 1 Dai can be vouching for multiple accounts and contracts until it's actively borrowed.

  2. Brings real world trust on-chain while retaining pseudonymity.

  3. A whole market of new businesses in between 0%-150% LTV products.

  4. Smart Contracts/DAOs get with credit lines.

  5. Invest by extending credit.

  6. Thereโ€™s additional UX mechanisms and experiences you can create to incentivize vouching for different behaviors ie vouch for charity (microfinance), invest in a dao by vouching (instead of a convertible note), etc

Union Dapp Guides

To make exploring and interacting with the protocol easy, the Union community has created a frontend.

To get started, check out the guides here, or jump right into the app.

Join the credit network: http://app.union.finance/

Communication Channels

๐ŸฆTwitter

๐Ÿ™GitHub

๐ŸŽ‰Discord

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