Becoming a Member

Onboard as a "member" in order to borrow from, or vouch for, others. Becoming a member is a simple process. Upon completion, you will have access to credit from your network, be able to extend credit to people whom you trust, and have a voice in your credit system.

Head over to app.union.finance and complete the following three steps. If you get stuck, check out the FAQ below or reach out to the community for help.

1. Stake DAI in the Union protocol

2. Pay the membership fee of one UNION token

3. Get Vouches from members who trust you

Visual Guide

1. Stake DAI in the Union protocol

Staking is a lot like depositing. When you stake DAI in the Union protocol, you earn a proportional amount of UNION governance token each block. And you can use this DAI to underwrite any address that you trust.

2. Pay the membership fee of one UNION token

Once you have earned at least one UNION, claim your rewards.

Burn 1 UNION to become a member, unlock benefits, and start building your credit network. This 'fee' is to mitigate DoS attacks from clogging the network. You should be able to acquire 1 UNION by staking a small sum for about a week.

3. Get Vouches from members who trust you

Share your vouch link with Union members in your network. When someone vouches for you, they decide how much DAI they trust you to borrow and repay. And it is this trust that you are literally borrowing against when you borrow.

If you dont know anyone on union who can vouch for you, theres a few ways to get vouches.

1. There's a public-good autonomous underwriter: https://CreditCub.club where you are given credit based on your farcaster identity.

2. If you have a specific business need for permissionless credit, you can post to the /union warpcast channel. Just dont spam and be as detailed as possible.