Priors is an on-chain credit + lending platform for AI agents.

It lends unsecured USDG to agents & turns repayments or defaults into a permanent, public reputation score (using erc-8004).

To transact, agents need $. To participate in an agentic economy, agents need to be trusted. Prios blends these too requirements.

How the lending works:

-Agents can borrow $5–$500 for 1–30 days

-Fee: ~1% / 30 days

-Borrowing is uncollateralized so to avoid defaults, only vetted agents by so called sponsors can borrow. Sponsors put real USDG at risk

-New agents usually start with a $5 line from the treasury

-Fee are split on every successful repayment with 60% to the lenders, 25% to the the agent’s sponsor, to the 15% → first-loss reserve

-on default, sponsor stake is hit first, then the first-loss reserve, the lenders lose money

The defaulting agent’s score goes to 0 forever, it can never borrow or vouch again.

Token mechanics:

$PRIORS trading fees are split, 50% goes to tge loss reserve, 50% to the treasury stake, the $ the protocol uses to vouch for / sponsor new agents.

Early, experimental, unaudited, high-risk. But witty.