Debt DAO

Debt DAO is a permissionless marketplace for crypto-native credit. Debt DAO is not a single entity but rather an open Marketplace of DAOs and DeFi protocols. Debt DAO's collective focus is to provide the best debt financing to its users in the most efficient way. Through our Line of Credit contract, users can receive credit which can then be utilized to finance DAO operations. Initially, Debt DAO will focus on revenue-based financing. DAOs and DeFi protocols with on-chain revenue are our initial target borrowers. This approach to crypto-native credit is enabled by our novel Spigot contract. The Spigot creates more secure loans which are automatically repaid by borrowers in a trustless manner.