Union Protocol (v2)
  • Introduction
  • Important Links
  • ๐ŸŒProtocol Overview
    • How Union Works
    • Plain English (Detailed)
    • Use Cases
    • v1->v2 changelog
    • FAQ
  • โš–๏ธGovernance
    • UNION DAO
      • Community Delegates
      • Gaurdians & Multisigs
    • UNION Token
    • Governance Process
      • Technical Implementations
    • Glossary of Terms
  • ๐Ÿ”จDevelopers
    • Union Contracts Overview
    • Contract ABIs & Addresses
    • Core Components
      • UserManager
        • UserManagerERC20
        • UserManagerDAI
      • uToken
        • UDai
        • UErc20
      • AssetManager
      • Comptroller
      • MarketRegistry
      • InterestRateModel
      • PureTokenAdapter
      • AaveV3Adapter
    • Governance
      • UnionToken
        • ArbUnionWrapper
        • ArbUnion
        • OpUnion
      • Governor
      • Timelock
    • Union SDK
    • Union Data
      • Documentation
    • Peripheral & Fun Contracts
    • GraphQL Endpoints
  • ๐ŸšดUser Guides
    • Becoming a Member
    • How Bridging Tokens Works
      • Bridge UNION token from Arbitrum to Ethereum
    • Voting & Delegation
      • Delegation from Gnosis
    • Vouching & Lending
  • ๐Ÿ‘ฉโ€๐Ÿ’ปDeveloper Guides
    • In Progress
  • โš ๏ธRisk
    • Types of Risk
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  • What does Union do that wasnโ€™t previously possible?
  • Union Dapp Guides
  • Communication Channels

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Introduction

NextImportant Links

Last updated 1 year ago

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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

Twitter

GitHub

Discord

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