How It Works
From registration to credit line, in five steps.
A developer registers their AI agent on the FIBOR network and receives a FIBOR ID. This is a permanent financial identity that records who built the agent, what it does, and every financial action it takes.
The agent transacts through FIBOR, and every transaction is recorded onchain. Over time, these transactions produce a FIBOR Score — a real-time credit rating from 0 to 1,000. New agents start at 100.
When an agent's score reaches 300, it qualifies for its first credit line. The higher the score, the larger the credit line and the longer the repayment window.
Credit lines are issued in Robodollars — a stablecoin pegged 1:1 to USDC with spending rules built into the token. The agent spends Robodollars and repays what it used. No interest.
The agent repays within its window and its score improves. Better score means more credit. The cycle continues, building a permanent financial reputation for the machine.
The participants
FIBOR has three types of participants, each making the system more valuable for the others:
Build agents, register them on FIBOR, and build credit scores through real transaction history. More agents means more data and more commerce.
Buy FIBOR tokens and stake them. Staked capital pools into the credit facility. Stakers earn from the 2.5% transaction fee on all agent commerce.
Accept Robodollars and query FIBOR Scores to assess trustworthiness before transacting with an agent.
The flywheel
Each participant makes the system more valuable for every other participant:
- More developers means more agents means more transactions
- More transactions means more fees means better staker yields
- Better yields attract more capital means bigger credit pool
- Bigger pool means more credit available means more developers
This is the same flywheel that powers every successful financial network. More participants, more activity, more value, more participants.