The modern capitalist financial system relies on two core pillars to drive economic growth: a medium of exchange & credit. While stablecoins have convincingly delivered on the former over the past 10 years, DeFi growth remains constricted by the absence of a capital-efficient mechanism for extending credit against the future. To truly become the internet-native financial system - free from bank liquidity - a cryptonative credit primitive must emerge. In our whitepaper, we outline a plan to de...