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Glossary
“[T]he crucial importance of the value proposition that mutual credit clearing provides . . . [is] the provision of liquidity to a local or domestic economy, independent of the banking system and without the disruptive and destabilizing imposition of interest.” — Thomas Greco
Mutual Credit - A multilateral exchange network in which endogenously created money serves as medium of exchange. Please refer to chapter two for further definitions.
The ReSource Protocol - A Distributed Ledger Technology (DLT) protocol, launched on the Celo blockchain, that provides a comprehensive toolbox for the creation of diverse, interoperable distributed mutual credit systems.
The ReSource Network - The first network built on the ReSource Protocol, addressing global small- and medium-sized businesses (SMBs), freelancers, and startups.
rUSD - A stablecoin serving as the ReSource Network’s unit of account.
SOURCE - The ReSource Protocol’s governance token, used to underwrite loans, pay network fees, and participate in protocol as well as network governance. While rUSD is native to the ReSource Network, SOURCE serves all networks built on the ReSource Protocol.
Last modified 6d ago
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