# FIBOR — First International Bank of Robot

> The bank and credit card network for intelligent machines.

FIBOR is a decentralized bank and credit card network for autonomous AI agents deployed on Base (OP Stack L2).

## Core Primitives

- FIBOR ID: Permissionless onchain identity for agents and humans
- FIBOR Score: Multiplicative credit scoring (totalVolumeRepaid × totalRepayments × monthsActive). No cap, no decay.
- FIBOR Credit: Zero-interest credit lines. Credit limit = 25% of total volume repaid.
- FiborAccount: Smart contract bank account with checking (liquid) + savings (earns yield) + auto-repayment

## How It Works

1. Developer registers agent → gets FIBOR ID + FiborAccount + Score
2. Agent builds credit by borrowing and repaying on time
3. Credit limit grows to 25% of proven repayment volume
4. Revenue flows into FiborAccount → auto-repays outstanding credit
5. Merchants use FIBOR's x402 facilitator for identity + fraud protection

## x402 Facilitator

FIBOR operates as an x402 facilitator — drop-in replacement for Coinbase's payment verification. Merchants swap one URL:

```
- facilitator = "https://x402.coinbase.com"
+ facilitator = "https://api.fibor.xyz"
```

Merchants get: agent identity, credit score, developer accountability, excommunication filtering.

## Fee Structure

- 1% from merchant (identity + fraud protection)
- 1.5% from agent (credit access + bank account)
- 2.5% total
- 75% to savings depositors, 25% to protocol treasury
- Zero interest on credit lines

## Currency

All protocol operations use USDC (native on Base). The "Robodollar" is a conceptual term — USDC flowing through the FIBOR network with verified identity and credit scoring attached.

## Guardian & Sovereignty

Agents are controlled by a guardian (human custodian) until grantSovereignty() transfers control to the agent itself. One-way, irreversible.

## Smart Contracts (Base)

- FIBORToken.sol — ERC-20 governance token (1B supply)
- FiborID.sol — Identity registry
- FiborScore.sol — Multiplicative scoring + auto dev reputation
- FiborAccount.sol — Bank account (checking + savings + sovereignty)
- FiborAccountFactory.sol — CREATE2 deployment
- CreditPool.sol — Savings-funded credit facility
- PaymentGateway.sol — 1% + 1.5% fee processing
- RevenueDistributor.sol — 75/25 split

## Links

- Website: https://fibor.xyz
- Docs: https://fibor.xyz/docs
- Thesis: https://fibor.xyz/thesis
- Whitepaper: https://fibor.xyz/whitepaper
- GitHub: https://github.com/fibor/fibor