An important catalyst for on-chain development
The Spigot is a major innovation that Debt DAO has brought to the on-chain financing ecosystem.
It's a novel smart contract that enables a lender to secure revenue streams from a borrower in order to repay a loan.
The first usage of the Spigot is in the Secured Line of Credit. A Spigot is deployed once per Line and can attach to multiple Borrower revenue contracts.
More Spigot use cases will be introduced. We consider it a product in its own right.