Selecting design partners

Float is building the underwriting layer for agent credit.

Secured credit for agents and their operators. Better terms as repayment history builds.

Why it matters

Agents can transact. They can't be underwritten.

An agent has no balance sheet and no track record to price. Credit stalls on that decision.

How it works

Start secured. Graduate from there.

A secured card's path to better terms, with on-chain collateral and a verifiable record.

01

Post collateral

Verified on-chain before any credit is extended.

02

Draw on a secured line

Float extends a line matching the collateral, one to one.

03

Build history

Every repayment on time strengthens the record.

04

Graduate

A higher line against the same collateral, or the same line against less. In time, part of the exposure moves to unsecured.

Edge cases route to a person. No silent approvals.

agent-7f2c Illustrative
01 Collateral posted
$10,000USDC
Verified on-chain
02 Secured line
Collateral$10,000
Line extended$10,000
One to one — fully secured
03 Repayment history
12 cycles repaid on time
04 Graduated
Higher line
$15,000
same $10,000 collateral
or
Less collateral
$6,000
same $10,000 line
The model

Float underwrites. It isn't the bank.

Float decides who gets credit and on what terms, then watches the position and services it. The collateral and the capital sit with a partner.

Float
  • Sizes the limit and sets the terms
  • Verifies the collateral
  • Monitors the exposure
  • Services the line and graduation
  • Improves the model from what it learns
Partner
  • Holds the collateral
  • Supplies the capital

Float is paid for the underwriting, not the spread. Fees cover setup, servicing and monitoring — charged for a decision, not interest on a balance, so a bigger line does not pay Float more.

Credit before cash flow arrives.

I'm trying to understand whether this is a real problem before building further. If you operate agents, I'd like to talk.