Union Finance unveils permissionless credit protocol at ETHBarcelona
Jacob Shiach, CEO of Union Finance, introduced Union Finance’s permissionless credit protocol , which aims to facilitate decentralized lending by leveraging trust and coordination among individuals, DAOs, and contracts. Shiach presented a speech on uncollateralized lending and leveraging friendships for fun and profit at the ETHBarcelona conference. During the conference, Shiach discussed various aspects of credit and its role in financial and real economies. He emphasized the importance of time travel, scalability, technology, and lifeline credit in driving economic growth and making more efficient decisions. He also highlighted the complexities of credit underwriting and the need to consider trustworthiness and repayment capabilities when assessing borrowers. Shiach introduced Union Finance’s permissionless credit protocol, which allows individuals and entities to deposit money into a smart contract and extend credit to trusted borrowers. The protocol enables coor...