Credit union Union, which does not require mortgages, announced the launch of the alpha testnet. Union is a credit community that supports anonymous credit lines without collateral, which effectively reduces the loan collateral rate in the DeFi ecosystem and improves the utilization of funds. This model adopts the design of a “credit cooperative”. In this mechanism, members who join the DAO organization can use Staking DAI or similar interest-generating crypto assets to calculate the corresponding share based on the joint curve. Staking assets will be sent to Other money markets earn interest, which will be pooled into a lending pool where the funds can be lent to DAO members without collateral or partial collateral.