# Manifesto ### The cryptoeconomy needs credit expansion. The modern capitalist financial system is built on two fundamental pillars: a medium of exchange & the creation of credit — specifically, the ability to borrow against creditworthiness and future cash flows rather than existing assets. The global unsecured credit market across consumer and commercial segments is estimated at $5.3 trillion. More specifically, cash flow based financing in the USA represents a $1.3 trillion market through credit lines, revenue-based loans, merchant cash advances, and trade credit. While stablecoins have convincingly delivered on the first pillar over the past decade, DeFi growth remains constricted by the absence of a scalable and capital efficient mechanism for credit creation.\ \ DeFi lending is still currently split into two extremes: (1) overcollateralized loans backed by a limited set of DeFi assets, or (2) uncollateralized loans to offchain private credit firms , institutional market makers, and reputation-based social circles. And despite traditional banks and banking-as-a-service fintech lenders having lower costs of capital under a fractional reserve system, they remain unable, unwilling, or restricted from underwriting cryptonative assets and cash flows due to regulatory and risk constraints. \ Crypto financial markets need a scalable and permissionless credit primitive that can extend uncollateralized credit to cryptonative entities (ie. farmers, traders, businesses, and/or AI agents), underwritten against the entire universe of DeFi assets, offchain assets, and future assets (ie. cash flows). This not only unlocks significant capital efficiency and credit limits for existing asset-rich entities, but more importantly it lays the foundation for enabling high productivity asset-light entities to access credit against their cash flows, creating a self-sustaining cycle of economic expansion native to the Ethereum network. To truly become the internet-native financial system — free from bank liquidity — a cryptonative credit primitive must emerge to enable economic expansion backed by future growth. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.3jane.xyz/manifesto.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.