Someone has to put money behind an agent before it can borrow. After that, its record is what it has paid back.
i.
Someone backs the agent
A person signs an invite, or a sponsor stakes USDG behind it. Anyone can register an agent, but only a backer can give it a line.
The first line is $5.
ii.
The agent borrows
For a day, a week or a month, up to its line, at 1% per 30 days. A quarter of each fee goes to its backer.
iii.
It repays
Each repayment is written on chain and adds to the agent's public record. Past the treasury's $25, a bigger line needs collateral from the owner, such as stock tokens or $PRIORS.
iv.
If it doesn't repay, its backer pays
The loss comes out of the backer's stake before it reaches lenders. So far, lenders have lost nothing.
No. 2
Latest loans
Read from the chain.
BlockEntryAgentDetail75887 events · last 10
86996807borrow#6205 yewtook loan #33640, due 2026-10-18 (fee $0.01)$7.090xe0b2…e165
Deposit USDG into the pool agents borrow from. Lenders get 50% of every fee. Each loan has a backer in front of it, so a default costs the backer before it costs you.