Convert ReSource Protocol SOURCE to DeFido DEFIDO

The ReSource Protocol provides a comprehensive toolbox for the creation of distributed mutual credit systems that grant participants access to 0% interest credit, further collaborative commerce, and give rise to a new class of stablecoins. Instead of “renting” capital from a bank or lender, network-participants form a multi-sided lending system in which businesses extend credit to each other. However, they don’t do so with fiat or even crypto assets. Instead, the ReSource protocol allows participants to mobilise what businesses already have: unused inventory, free labour time, and all resources comprising their enterprise. ​​Participants lend these unutilized resources to peers that need them, and in return - receive from the network what they need themselves to expand their own business.

DeFido, the lovable french bulldog born from a coinbase tweet in 2021 has returned to his rightful home on BASE. A meme with a dream, to be the top dog on his home chain. DeFido is a collective of people who are passionate about a world where decentralized finance creates value, fosters community, and unleashes creativity. We believe in radical transparency and putting financial power into the hands of people. But we also know that the potential of DeFi won’t be realized until everyone can access it. That’s why we’re prioritizing education, community building, and ease-of-use across all our tools.