UnFederalReserve (ERSDL), Your Middle-Market DeFi Solution

UnFederalReserve (ERSDL) was described as a banking software development company, with deep root in Finance, Project management and IT, built on Blockchain Technology, with products designed for USA smaller Treasury Chartered banks and non-bank lenders in need of greater liquidity without sacrificing security or compliance. In achieving these, ERSDL users DeFi protocol to replace traditional deposits and lending operations.

Products offered by ERSDL includes:

• DeFi platform;

• Cash management dashboard;

• Credit vs Cash spot market; and

• Banking ALGO dashboard to monitor product usage.

ERSDL identified the gap that exists in digital assets backed lending and intends to fill this gap by deploying an open source, lending management protocol, and vast traditional fiat lending experience. This trustless system expands traditional lenders existing liquidity options.

Of the over 4000 banks in the USA and an additional 20,000 non bank lenders, the top 10 banks control more than 50% of the $17 trillion assets. To solve this and give room for smaller banks to grow, ERSDL deployed 2 products for banks;

• Thunder: a high yield deposit, money market account

• Lightning: a low rate, short term, unsecured line of credit.

There will be a sponsor bank who alongside with Residual Token (INC) monitor the Platform usage by means of a Platform dashboard, ALCO Weather Tracker.

To enjoy this products, the participant is encouraged to download the Residual Token(INC) Treasury Toolkit that comes with three options;

• Basic Options: This has minimal features and come at no charge.

• Premier Options: This comes with more advanced features and participant can unlock this by holding a stipulated amount of ERSDL tokens.

• The Elite Options: This is the highest level and this is the level you can open a Thunder and Lightning account. Each of these accounts has a fee denominated in USD but payable with ERSDL token.

After setting up your Thunder and Lightning accounts, participant will be prompted to open a bank account/line of credit with Residual Token INC sponsor bank, which is currently IFEB bank. Participant will also have to pass KYC/AML procedures (KYC-Chain and SELFKEY). Passing KYC/AML earns you one of the non-Fungible cRSDL tokens.

Once you passed KYC/AML, you become a verified user and will have a dashboard where you can get your savings/LC accounts. There you can deposit, withdraw, get reports/statements and communicate with Residual Token INC.

Borrowers on this protocol may or may not pledge assets as collateral, depending on the product against local fiat currencies allowed by the sponsor bank, accept terms and oblige themselves to those conditions or risk collateral forfeiture. Pledged collateral may remain in Escrow/title agent custody for the duration of the loan and managed via Smart Contract.

In all cases, all parties involved will have legal recourse as means of settling issues in the event of fraud or negligence on the part of either party. Also, participants and sponsor banks will be insured against defaults where caused by something other than ordinary operating conditions.

ERSDL Protocol comes with different Non Fungible Tokens (NFT) to track performance in this protocol;

dRSDL: this are class of NFT minted to represent Debt assets in the protocol. This is tokenization of Debt and use of this Protocol as a standard will be off importance to Residual Token INC. For each dRSDL minted, dollar will be aggregated and distributed quarterly to qualified participants as rebates up to their cost.

xRSDL: This is an NFT minted to track loans where the applicants does not accept terms of the approved loans.

fRSDL: This is an NFT issued to represent failed loans. Failed loans is where either the participants or the sponsor banks failed the applicant request. The cause of this failure will be included in the blockchain to allow for behavior tracking, intelligent learning and other metrics.

yRSDL: NFT minted to manage escrow and custodial transfer of assets, when necessary, from a participant to a neutral account.

bRSDL: NFT minted as a representative of the participants reputation based on attributes and behavior in the ecosystem such as repayment history.

rRSDL: NFT minted as a representative of the Lender reputation based on attributes and behaviors in the ecosystem such as funding history and other metrics.

cRSDL: NFT minted by ERSDL and given to lenders who passed KYC/AML