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The Spigot

An important innovation brought by Debt DAO to the onchain lending ecosystem.
The Spigot is a novel smart contract governing the secure split of on-chain revenue between two or more parties according to an agreement between the parties.
Most importantly, it provides for recourse in the event that one party doesn't fulfil its obligations to another party.
In the case of the Spigoted Line product for example, the Spigot enables Lenders to automatically receive revenue streams from a Borrower in order to repay a loan until Lenders have been fully repaid as per the agreed upon terms.