Union is an open-source, peer-to-peer credit protocol designed to democratize access to credit. It operates on the principle that credit is a vital tool for economic growth, connecting those with idle funds to those with productive ideas. The protocol enables users to build onchain credit lines by receiving vouches from trusted peers, without needing traditional collateral or credit scores. The system works through four main actions: users can stake stablecoins to earn UNION tokens, vouch for others to underwrite their credit lines, borrow permissionlessly from their established credit, and vote on protocol parameters using their tokens. Union aims to empower individuals, developers building on programmable credit, and even automated systems to participate in a more open financial ecosystem.
