PrimeRadiant
Published in

PrimeRadiant

A Credit Union called Union

What if we just trust that people will pay us back?

Introduction

In order to access credit, currently you have to deposit between 133% — 150% of the value you intend to borrow. This works fine, if you are already crypto rich, or for speculative use cases like leverage or shorting an asset, but it’s not very capital efficient.

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Jacob Shiach

Jacob Shiach

discoverer @ Union.Finance

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