Union Protocol (v2)
  • Introduction
  • Important Links
  • 🌐Protocol Overview
    • How Union Works
    • Plain English (Detailed)
    • Use Cases
    • v1->v2 changelog
    • FAQ
  • βš–οΈGovernance
    • UNION DAO
      • Community Delegates
      • Gaurdians & Multisigs
    • UNION Token
    • Governance Process
      • Technical Implementations
    • Glossary of Terms
  • πŸ”¨Developers
    • 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
  • 🚴User Guides
    • Becoming a Member
    • How Bridging Tokens Works
      • Bridge UNION token from Arbitrum to Ethereum
    • Voting & Delegation
      • Delegation from Gnosis
    • Vouching & Lending
  • πŸ‘©β€πŸ’»Developer Guides
    • In Progress
  • ⚠️Risk
    • Types of Risk
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  1. Protocol Overview

Use Cases

Credit is simply giving someone a dollar and expecting them to return it - be it a lifeline, an open line of credit, or an investment bridge. Union functions as a primitive so that anyone can lend, borrow, or build credit on-chain.

Union is more a foundation to build on than a retail product.

There are many types of credit relationships that could be defined in Union:

  • 1 β†’ 1: This is a lot of overhead for the use case of a single person lending a friend $20. (Passive Nature: When you borrow from a friend)

  • Many β†’ 1: Groups working together: 3 people vouching $100 for a 4th, gives the 4th access to $300.

  • 1 β†’ Many: a single Underwriter vouching for a param, a DAO providing it’s members a credit line

  • Many -> Many: All of the above contributing

It will be up to devs to build product experiences.

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Last updated 1 year ago

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