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  • 01 ReSource Finance
    • Glossary
    • Executive Summary
  • 02 Mutual Credit
    • 2.1 Definitions and Rationale
    • 2.2 History
    • 2.3 WIR Bank
    • 2.3.1 Modern Multilateral Barter Networks
    • 2.4 Mutual Credit on the Blockchain
    • 2.5 The Basic Economic Questions for DLT-based Mutual Credit Systems
  • 03 The ReSource Protocol
    • 3.1 Introduction
    • 3.2 Distributed debt collection and obligation enforcement
    • 3.3 Distributed risk management
    • 3.4 Underwriting and risk assumption
    • 3.5 The Underwriting process - a breakdown
    • 3.6 Ambassadors and network administration
  • 04 Monetary Flow, Reserves, Default Insurance
    • 4.1 Introduction
    • 4.2 Default Insurance
    • 4.3 RSD Savings Accounts
    • 4.4 RSD Autonomous stability and relation to the US Dollar
    • 4.4.1 RSD/USD Soft Peg
    • 4.4.2 RSD on the Open Market
    • 4.5 SOURCE Token Dynamics
    • 4.6 Monetary Buffering
  • 05 Protocol and Network Governance
    • 5.1 Introduction
    • 5.2 Reputation
    • 5.3 SOURCE Governance Token
    • 5.4 Initial SOURCE Allocation and Distribution
  • 06 Application Layer
    • 6.1 Introduction
    • 6.2 The Underwriting dApp
    • 6.3 The Ambassador dApp
    • 6.3 The Pool Aggregator
    • 6.4 The ReSource Marketplace
  • 07 TECHNOLOGY
    • 07 Overview
    • 7.1 Negative Balances & CIP36
    • 7.2 Non-custodial Key Management
    • 7.3 The Marketplace
    • 7.4 Distributed Underwriting and Data Aggregation
    • 7.5 Financial Data & Data Providers
    • 7.6 ReSource Credit Risk Analysis Algorithm
    • 7.7 “Pay with ReSource"
    • 7.8 Cross-network liquidity pools for interoperability
  • 08 Future Industrial Use Cases for the ReSource Protocol
    • 08 Overview
    • 8.1 Telecommunication
    • 8.2 Complex Supply Chain Financing
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  1. 06 Application Layer

6.1 Introduction

Previous5.4 Initial SOURCE Allocation and DistributionNext6.2 The Underwriting dApp

Last updated 2 years ago

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The interaction of Protocol agents with each other and with the Protocol’s code base is facilitated by a series of decentralized Web3 applications.

The Underwriting dApp allows Underwriters to find new applicants, analyze their credit risk, place corresponding bids, and repackage the accounts of underwritten members into Staking Pools.

The Pool Aggregator allows SOURCE holders to study and select Staking Pools created by Underwriters, stake their SOURCE, and collect staking rewards.

The Ambassador dApp allows Ambassadors to onboard new members, track the activity of existing members affiliated with them, and intervene if suboptimal activity or nearing defaults are detected.

On the ReSource Debt Market, third parties can participate in Dutch auctions in which the legal rights to uncollectible accounts are being sold.

Finally, the ReSource Marketplace scrapes the internet to find all items priced in and sold for RSD to aggregated all purchasing opportunities for RSD holders.

The figure above depicts the relationship among the Ambassador, Underwriter, and Delegated Staking (Pool Aggregator) dApps.