Credit Coop
  • About Us
    • Introduction
    • Get in Touch
  • ⚙️About Our Products
    • Secured Line of Credit
      • Line of Credit Features (v1)
        • Cash Flow Financing
        • Deploying a Secured Line of Credit
        • Core Lending Functionality
        • Revenue-Based Lending Operations
        • Collateral Operations
        • Credit Events
    • The Spigot
      • Key features of the Spigot
      • Spigot Roles
        • Owner
        • Operator
  • ⚙️User Documentation
    • User Documentation (v1)
    • User Documentation (v2)
  • ⚙️DEVELOPER MATERIAL
    • Introduction
    • Deployed Contracts
    • V1 Developer Material
      • Architecture (v1)
      • Functions and Methods
        • LineOfCredit.sol
        • Oracle.sol
        • Spigot.sol
        • SpigotedLine.sol
        • Escrow.sol
        • EscrowedLine.sol
        • SecuredLine.sol
        • LineFactory.sol
        • Libraries
        • InterestRateCredit.sol
          • Accrued Interest Calculation
          • 'Interest Accrued' contract flow
        • Advanced Jargon
      • Repaying Debt - Function View
      • Valuation Oracle
      • Arbiter Role (v1)
        • liquidate() and declareInsolvent()
        • Spigot related functions
        • enableCollateral()
      • Edge Cases and Risk Situations
      • Security Audits
  • 💼Legal
    • Important Legal Notice
    • Terms of Use
    • Privacy Policy
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  1. About Our Products

The Spigot

A groundbreaking innovation for the onchain financial ecosystem.

PreviousCredit EventsNextKey features of the Spigot

Last updated 7 months ago

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The Spigot is a novel smart contract governing the secure split of onchain cash flows between two or more parties according to an agreement between the parties.

Most importantly, it provides for Trustless Recourse in the event that one party (the obliging party) doesn't fulfil its obligations to the other party.

In the case of a Secured Line of Credit used for example as an opex loan, the Spigot enables Lenders to automatically receive a portion of a Borrower's revenue streams in order to secure and automatically repay a loan until Lenders have been fully repaid as per the agreed upon terms.

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