Turn Untapped Resources into Liquidity with ReSource Finance

Credit-based transactions have been popular in the modern financial system for a long time. These transactions are extremely important for modern businesses as the constant evolution requires not only knowledge but also monetary resources. By utilizing credit, business owners levies and access different essential services such as labor, equipment, resources, partnerships, etc. 

However, with the latest addition of blockchain technology, the concept of credit has changed in the new era of decentralization. To accommodate for this change and provide business owners a seamless transition from centralized finance to decentralized finance, ReSource Finance has taken a unique approach with revolutionary consequences. 

What is ReSource Finance?

The ReSource protocol allows businesses to access credit at 0% interest. 

ReSource is able to offer credit at 0% interest because its DLT protocol is based on the principles of Mutual Credit. This means that with the ReSource Protocol business extend credit to each other in a mutual way, and don’t need to rely on creditors or banks. 

Users of the protocol are assigned a current account, which they can overdraft to buy goods and services from all other businesses in the network. The way to pay back your debt on ReSource is simple, and doesn’t require fiat money: businesses just sell their own goods and services to other users until their debt is closed. This way businesses can get a business loan at phenomenal terms, without anyone ever having to lend them money. 

The SOURCE Token

The ReSource Finance ecosystem is powered by the SOURCE token that was recently listed on Ubeswap for farming. The token listing on Ubeswap has increased the utility of the token exponentially, and now users can farm on the Ubeswap protocol to earn amazing APYs. 

Moreover, the SOURCE token bagged a position among the top ten pairs with the highest APY on Ubeswap on Celo. This achievement adds onto the utility of the SOURCE token, which includes, 

• Staking on ReSource to earn rewards. 
• By staking SOURCE, the token holder gets voting rights on network decisions. 
• SOURCE tokens are used to pay network fees on ReSource. 

Furthermore, the ReSource Protocol has curated a staking and mutual credit system that provides another layer of protection against volatility by giving business owners the ability to tap into the power of the community and its resources.

rUSD, the stablecoin used to trade on the ReSource network, is not pegged to a fiat currency but derives its value from the goods and services traded with it. This is a revolutionary stablecoin design, protected against fiat inflation. 

Using these tools and products, ReSource essentially disrupts the entire process of acquiring a credit line for the business owners while creating more passive income opportunities for token holders by farming on Ubeswap. 

To learn more about ReSource Protocol, visit https://resource.finance/.