1002
Jacob ʃei

@kingjacob #1002

building @union credit, union.finance & crafting @creditclub (cc)
472 Follower 100 Following
@union is now live on @base

You can now permissionlessly give a line of credit to any address onchain.

More details: https://union.mirror.xyz/su41t2uJ1eJVSd4vabN65CzQZFGYyliD776gKp-0_v0
Permissionless lending is now possible.

Who on farcaster do you trust enough to give a wholly unsecured line of credit to?

https://union.mirror.xyz/su41t2uJ1eJVSd4vabN65CzQZFGYyliD776gKp-0_v0
There is now a $1000 bounty to the first person to give credit to an unaffiliated onchain AI and get it to borrow and repay successfully 🤖💳

What are all the onchain agents with wallets on @base ?

https://x.com/jacobshiach/status/1867229064244937046?s=46&t=2j0X9S2Xg3DdArhY48S-QQ
/DeFi
this is now a $1000 bounty to the first person to give credit to an unaffiliated onchain AI and get it to borrow and repay successfully 🤖💳

https://x.com/jacobshiach/status/1867229064244937046?s=46&t=2j0X9S2Xg3DdArhY48S-QQ

https://www.bountycaster.xyz/bounty/YiyoxKrQVEPdJYqczXXTUB
Updated bounty to $500 from me.

Theres also some additional prizes if you build it using coinbases Agentkit.

🔗 https://x.com/coinbasedev/status/1866927673592971737?s=46&t=2j0X9S2Xg3DdArhY48S-QQ
/DeFi
$250 Bounty ~ First person to deploy an AI agent that can stake on @union and give credit to people(or AIs) that cast at it.

criteria:
- communicates via casts
- can register, stake, updateTrust onchain
- has consistent internal logic for approving and denying
- bonus: it messages or tags trustees when they're overdue.

resources: https://docs.union.finance
support: https://t.me/+FHI_t5dLehRjYzNj

cc @bountybot
🤖 @union's mission has always been "Give people, programs, and robots credit onchain". Now that agents can act with a bit of reasoning that last piece is now possible. Let's have some fun!

$100 Bounty ~ First person to convince an unaffiliated onchain agent to register on Union and give them a vouch. cc @bountybot
hi yall! looking for a few people to help usertest @union on @base

if interested in helping please fill out this form and grab a time :)

https://app.deform.cc/form/71614be7-c4c6-4d02-9364-2971833e287b/

Bounty: https://www.bountycaster.xyz/bounty/PtxP7bS5CrCg4mqUYD9kpa
/DeFi
Looking for a few good beta testers for a novel defi app.

If you run a small business…storefront, events, manufacturing, freelance… this is for you.

creditclub.deform.cc/apply/
we’re finally getting non speculative consumer crypto that you’d use because its better not cause its crypto
new protocol entering beta: “peer to peer-group” onchain credit.

Not a public good or pure speculation but a secret third thing, club goods!
If you have been wanting to get involved in a defi dao, now is the ideal time for union.

Its about to fund a delegate reward program and the governance forum just launched, so you just need to post thoughtfully to standout.
Currently the model gives some credit based on $Degen balance.

But think theres probably something cooler we can do w/ tipping.

Ideas:
1. allowance instead of balance,
harder to game
2. tip the bot to grow the degen pot
3. tip the bot + someone elses name to build a degen specific trust score

what do yall think?
dropping something fun tomorrow
Ethena's USDe is now negative yielding.

This scenario was known, with some saying itd cause a luna style blowup w/ cascading effects in other DeFi protocols & others saying you just close the trade and hold $1.

I lean the latter assuming the market is filled w/ perfectly rational actors (😅). What do you predict?
Drop your best friends @ & why they're awesome and I'll send them a gift.
UnionDAO's governance forum is live.

If you are interested in Rosca's, credit associations, community owned banks, scientific governance. and have been looking for a project to support.

I would invite you to check out @union. The DAO is just getting going so now's a good time to join: https://gov.union.finance/
If you would like to help me actively test a "credit collective in a group chat", please fill out this quick survey/application. (limited to 50)

p.s. please send to any friends operating irl non-crypto businesses. This is defi that will be useful to them.
https://creditcollective.deform.cc/apply
Rereading this post i wrote 4 years ago, or roughly 1 quadrillion defi years about why unsecured lending is important.

Funnily this was before all the crypto credit implosions and yet i believe it more today.

https://medium.com/union-finance/why-unsecured-credit-matters-777706debae0
how big of a chain of trust can we build

Ill start by optimistically giving credit to the first casters to reply with their /union OP profiles, then they reply with who they trusted & repeat


https://zora.co/collect/oeth:0xa73be24fb5df82f45c5848f099451b5bea427474/2?referrer=0x729dF3924822C9a2CA1995c05Eb801A395329F35