The Multi-Trillion-Dollar Opportunity for DeFi Uncollateralized Loans

Credit creation has been a missing pillar of DeFi growth for years, one we’ve been longing for as users and investors. Meanwhile, the global unsecured credit market is worth over $5 trillion!

Although stablecoins have delivered a reliable medium of exchange, lending in DeFi remains split between overcollateralized loans backed by a narrow set of assets such as ETH, and small pockets of uncollateralized lending to institutions or private credit firms. This leaves behind a vast portion of the DeFi economy including traders, farmers, AI agents, and asset-light businesses, without a scalable, permissionless way to borrow against future cash flows.

3Jane is tackling this opportunity head-on with a credit-based money market built for Ethereum. By combining onchain credit scoring with offchain VantageScore 3.0 verification via zkTLS, 3Jane can underwrite unsecured lines of credit backed by crypto assets, bank assets, and provable future income.

Delinquent debt will be resolved through onchain auctions with licensed U.S. collections agencies, preserving solvency while enabling scale. This three-dimensional approach to collateral, blending asset-backed and future-backed credit, could unlock a new era of capital efficiency, empowering the next wave of cryptonative economic actors to grow without relying on bank liquidity.

In a new episode of The Edge Podcast, we explore how 3Jane is pioneering the holy grail of DeFi that is unsecured credit and loans. 3Jane Founder Jacob Chudnovsky joins us to explain how 3Jane built a new protocol on Ethereum to finally unlock a multi-trillion-dollar credit-based economy in DeFi.

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Disclosure: DeFi Dad and Nomatic invested in 3Jane’s seed round.