The unFederalReserve is a blockchain-based software development company for banking products established in project management, IT, and finance. The company uses multiple new and existing banking products to build a DeFi platform, and a banking ALCO dashboard that tracks product usage, among other services . The two banking products are Thunder and Lightning. Thunder is a money market account with a high-yield deposit, and Lightning is a short-term, low-rate, unsecured line of credit. 

The main purpose of the unFederalReserve is to provide clients with seamless borrowing and lending services. Its regulatory framework delivers middle-market clients with B2B lending, and overnight lending/borrowing utility toolsamong others. This web platform helps B2B Lenders with an excess capital deficit, commercial enterprises seeking security and liquidity, and helps anyone interested in transaction data, participants' performance, and more.

According to the whitepaper, the lending management protocols and the traditional currency lending bridge the gap between asset-back and traditional currency lending as it increases the options of existing liquidity and traditional lenders. This open-source blockchain model works on the DeFi system that offers a trustless and auditable framework without any interference from intermediaries.

Residual Token, Inc. creates and implements the protocols, offers documentation, and gives training to adopters. This platform undertakes the traditional loan servicing responsibilities, including the payments process and transfer of loans between the lenders and borrowers and disposition of collateral of proceeds. The goal is to enhance the monetary velocity and liquidity to use open-source protocols for designing lending parameters.

Residual Token has a utility token named eRSDL. This eRSDL token allows holders to participate in the development and execution plan of Residual as eRSDL tokens give voting rights with a few privileges. The eRSDL also provides the utilization of open-source protocols and other rights and privileges. 

The unFederalReserve was co-founded by Howard Krieger (CEO) and Ryan Medlin (CTO). The company was launched in the year 2020.