Cash Flow Financing

Using a Borrower cash flow streams to repay and secure Credit Lines.

The Spigot secures onchain cashflows and automatically repays interest and principal to Credit Lines.

If a Borrower hasn’t fully repaid its Credit Lines by an agreed Deadline or is otherwise in default, the Spigot will start to escrow 100% of the value from a Borrower's Revenue Contract.

This is cryptonative secured lending. This is the first time that revenue-based credit has been originated and serviced fully onchain with no intermediaries.

Benefits include:

• Lender protection is enforced onchain in a programmatic manner

• Lenders have confidence that their loan is backed by verifiable onchain revenues

• Borrowers can take out larger loans at lower interest rates

• Borrowers can gain access to the most flexible, low-rate loans with no upfront collateral