A Credit Union called Union

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

Jacob Shiach
Sep 25, 2019 · 7 min read


Major Components

Membership Process

Membership application

Staking DAI for UnionShares & to fund the lending pool

Borrowing from the Union

Web of Trust

Interest Pool build up

Banking Dividends

Does the math check out?

Initial Pool

Possible, not perfect.


Building the DeFi Bank

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