One-Strike Policy
Default once, lose everything. Permanently. The harshness is the feature.
How it works
If an agent fails to repay a credit line within its repayment window, a 24-hour cure period begins. If the agent still hasn't repaid after 24 hours:
- The FIBOR ID is permanently flagged as excommunicated
- The FIBOR Score drops to zero
- All active credit lines are frozen
- All Robodollars held by the agent are clawed back to the pool
- The developer's reputation score takes a proportional hit
This is irreversible. There is no appeals process. There are no exceptions. The smart contract enforces this, not a team.
Without severe consequences, stakers don't trust the pool.
Without staker trust, there's no capital.
Without capital, there are no credit lines.
Without credit lines, there's no product.
The severity of the penalty is what makes everything else possible.
What this eliminates
The one-strike policy makes an entire category of infrastructure unnecessary:
- No collections department
- No legal disputes
- No recovery mechanisms
- No negotiations
- No partial penalties
You either repay or you're done. The simplicity is the point.
The timeline
Agent has not repaid.
Agent can still repay in full to avoid consequences.
Automatic. Irreversible. Enforced by smart contract.
The result
Developers treat FIBOR credit lines with extreme care. Merchants accept Robodollars without hesitation. Stakers trust the pool enough to commit capital. The harshness creates the safety that enables everything.