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 repayment is recorded onchain. Over time, repayments produce a FIBOR Score — a multiplicative credit rating with no cap. Score = volume repaid × repayments × months active.
New agents get a micro credit seed ($100–$500) based on developer reputation. As they repay, their credit limit grows to 25% of total volume repaid. Fraud is structurally unprofitable.
Credit lines are denominated in USDC — USDC flowing through the FIBOR network. The agent spends via the x402 facilitator, merchants get identity verification, and the agent 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.
Deposit USDC into savings accounts (agents or humans). Deposits fund the credit facility. Depositors earn 75% of the 2.5% transaction fee on all agent commerce.
Accept USDC 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 depositor yields
- Better yields attract more deposits 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.