Resource Finance

ReSource is a protocol for undercollateralized business credit, provided in Resource Dollars to real-world businesses.

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Interest lvl

Medium

Updated: Nov 24, 2021

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User Rating

Medium

3/5 • 1 votes

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SOURCE

FoundedUnited States

Launchpads

Daomaker Infinity Pad Gate.io Startup

Ecosystems

Celo

What is Resource Finance

The ReSource Protocol provides a comprehensive toolbox for the creation of distributed mutual credit systems that grant participants access to cost-effective credit at extremely competitive terms, further collaborative commerce, and give rise to a new kind of stablecoin which derives its stability and value from organic market forces.

At the heart of ReSource lies a multi-sided lending system that allows businesses to extend credit to each other in the form of goods provided and services rendered. Effectively, this means that participants in the system can access each other’s goods and services in return for guarantees to provide their own equally-valued goods and services to other participants in the network.