Jacob ʃei

@kingjacob

68 Following

230 Followers

Jacob ʃei pfp

Need to adjust this copy to differentiate defaulters and those who just havent registered yet. Corbin youre the latter but just sent you an gifted @union membership nft. Dm if any of that sounds greek.

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Introducing the world's first Farcaster-based Credit Union! Click to discover your Farcaster Account's credit limit. Gas-free claim on-chain through the frame. No collateral required. Credit Cub has faith in you. Earn rewards and higher credit for responsible actions. Join the club: https://creditcub.club

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Introducing Union v2! Union is a credit protocol on ethereum. Or as defi degens might call it, unsecured or uncollateralized lending. Version 2 is 9months of work to increase the per member vouch limit from 25 to 1000. more details: https://medium.com/union-finance/testing-testing-union-v2-1a953dd7f609

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🙋‍♂️ @union is. Or at least it enables anyone to underwrite whoever they trust. Youve a power badge so can also claim some credit from @creditcub an autonomous underwriter in a frame.

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The permissionless p2p frameworks there with @union and things built on it like @creditcub help with the chicken/egg problem. But non trivial cause to borrow at 5% someone has to lend at 5%.

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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.

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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?

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Need to make this copy clearer but @consecution.eth you didnt get the prize cause youve claimed trust but have yet to register your address on @union

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1. Post what you need credit for, if its compelling and you have an audience. People will vouch. 2. Befriend a bot @creditcub 3. Onboard your irl friends, only you need to know whos behind the address 4. Create a mutual credit dao Early days so most borrower <> underwriter matchings still pretty manual.

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dropping something fun tomorrow

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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?

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with friends like that who needs enemies. 😅 ps it worked (but only on supercast, wc seems to be down lol) https://www.supercast.xyz/c/0x7e42b6a14964966584aac203a94c1b94d81ad32e

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Drop your best friends @ & why they're awesome and I'll send them a gift.

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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/

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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

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https://zora.co/collect/zora:0x8ecefa6e2b93658c78c4dddbf0011a479dfb6e78/1?referrer=0x729dF3924822C9a2CA1995c05Eb801A395329F35

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