The borrower journey
Each stage is a person doing something they were not doing before.1
Hears about Writz
Through a conversation, a community or a partner. We note where they came from.
2
Understands it
They can say what Writz does and what happens if the price falls.
3
Tries it
They complete a Bitcoin lock and a borrow, first on testnet.
4
Finishes it
They repay the loan and their Bitcoin is released. This is the moment the promise is proven to them.
5
Comes back
They take another loan, or bring someone with them.
The lender journey
1
Hears about Writz
Through the Stellar community, or a product they already use.
2
Understands the risk
They can say where interest comes from and what could cause a loss.
3
Supplies USDC
First test USDC, then real USDC after launch.
4
Stays
They keep their supply in the pool through a full cycle of borrowing, and they withdraw when they choose to.
The builder journey
1
Discovers the tools
Through the docs, an event or another builder.
2
Makes a first call
Their code calls a Writz contract or the proof API.
3
Ships
They have something that real people can use.
4
Keeps it running
It is still in use after the event or bounty has ended.
The institution journey
1
First conversation
We understand their mandate and what they would need.
2
Technical evaluation
Their team reviews the design and the security model.
3
Written agreement
A signed document with a defined scope and next step.
4
Pilot
A test on testnet, with no real funds.
5
Live use
Limited use on mainnet, within the protocol’s limits.
One constraint at a time
At every point we name the single stage where most people drop out, and that stage is where the team’s effort goes. If people do not finish a loan, more reach only sends more people to the same problem. This keeps a small team from working on everything at once.Rules for every figure we report
- On-chain figures can be checked. Wallets, transactions and loans come from public contract data, so anyone can verify them.
- Testnet is labelled as testnet. Activity with test coins shows that the system works. It is not demand for real loans.
- Wallets are not people. We report wallets and accounts, and we say so.
- Agreements are stated as they are. We say what was signed and at what stage, and we name an organization only with its consent.
- Interviews are a signal, not a statistic. We state how many people we spoke with, and we do not turn a few conversations into a percentage of the market.
- Dates come with numbers. Any figure we publish states when it was measured.
- Interest is described, never promised. We explain how the rate works and do not forecast returns.