We are

Merchant Bank DeFI

DeFI is like a vast ocean for borrowers and lenders ... like these boats and ports ...

Diagram I: DeFI Today

and while democratization of crypto-collateral based lending allows for any boat to dock at any harbor, rates reflect very basic risk assumptions...

... well, Merchant Banks (the B2B lenders that finance B2C lenders) have daily cash needs and surpluses. A Merchant Bank's competitiveness and profitability is tied to how it manages its balance sheet.

Merchant Bankers are expert at pricing risk. Ordinary people would have very little price discovery info from which to set or accept rates.

The eRSDL ecosystem is like a safe-harbor where sophisticated parties are the "pricing oracles" and ordinary people can participate alongside with a reduced chance of being gamed by experts.

Diagram II: unFederalReserve Ecosystem (eRSDL)

Open Ocean



Safe Harbor


Merchant Bankers, staked to the eRSDL ecosystem, have the access to the capital they need, and have a ready marketplace in which to lend their excess. Their merchant banking counterparties measure and price risk for short-term loans between the parties. Ordinary eRSDL holders then participate safely at market rates. Participation is democratized, but risk doesn't have to be.

A World Without the Fed: DeFi'ing the Odds

Why We're Great >

Banks and Fed are replaced by a interwoven network of


sophisticated lenders

Why We're Great >

DeFI alone cannot risk-based price

and cannot play the


role without major loss of capital and headline risk.

Why We're Great >

Everyday DeFI players are left to speculate on overcollateralized stablecoin loans w/o access to major CeFI market opportunities

More About Us

Since our founding, unfederalreserve.com has been known for quality services, exceptional efficiency and the highest level of professionalism. No matter what service you’re looking for, we guarantee to not only meet, but exceed your expectations and ensure your full satisfaction.

Our team is up for every job, managing projects with the skill and experience our clients have come to expect. Please get in touch to learn more about our team, our company or for details about the services we provide.



Here we leverage Jeffery Timmons’, “Timmons Model of Entrepreneurship” to assess the attractiveness of various ideas.  This scorecard breaks down the entrepreneurial concept into five buckets where each is scored from 1 (worst) to 5 (best).  The average is then determinant of the ideas position relative to the comparable set.

Market Potential – (score: 4.5) – the size of the market for the platform is in the billions of dollars and by some counts may be backed by trillions of dollars in assets.

Token Mechanics – (score: 3.5) – The basic question is whether the problem requires a blockchain solution. The token acts as form of currency transfer and participant qualifier. Super easy to monitor/maintain.

Competitive Advantage – (score: 3.5) – Residual’s main advantage is in leveraging domain expertise up-and-down the vertical with deep regulatory, control and execution experience.

User Adoption – (score: 4.5) – Lender margins are decreasing and regulatory challenges are increasing. The Residual platform is a turnkey, bolt-on solution which facilitates higher margins.  Integration is straightforward and the product vanilla relative to many liquidity options. 

Management Team – (score: 4) – The advisory team members’ backgrounds complement one another; namely, the team consists of PhD’s and programmers, but also former mortgage origination platform builders and executives running lending platforms today.

Overall Score:



Q4 2020

- Token design based on real-life Treasury functions completed

- Adoption of eRSDL by test members

- Staking begins to seed reserve

Q2 2021

- Large scale adoption of eRSDL as Treasury stop-gap for certain asset-backed lenders.

- Voting on CeFI size participants limits if needed

- Alignment with international lending/borrower restrictions to open cross-border opportunities

Q1 2021

- Voting on additional entrants and required staking levels to borrow from the community

- Outreach to additional Lenders to add eRSDL as a liquidity source

- Qualified CeFI entities borrow up to 50% of their staked capital and can lend as much as they'd like.

Q3 2021

- Fully decentralized platform providing capital to lenders in need, and providing returns for folks with excess capital

- Asset class discussion on break-out of more discrete, lender asset types to refine pricing



Howard is a Managing Director in CBIZ Valuation Group, LLC (“CBIZ”).  He specializes in the valuation of complex financial instruments including crypto-currency loans,  interest rate swaps, agency and non-agency mortgage-backed securities (MBS), and collateralized debt obligations (CDOs). 


He is a former Big-4 Senior Manager responsible for a variety of assignments including: intangible business valuation, intellectual property valuation, financial modeling, valuation of equity participating instruments and other exotic financial assets/liabilities with almost 20 years’ experience. Howard has an MBA from Rutgers Business School with a concentration in Quantitative Finance

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Ryan Medlin is a seasoned Silicon Valley entrepreneur and technologist.

He recently completed the sale of his proximity tracking and measurement company Datasnap.io in 2015 to Neustar where he then led a team of engineers to build out Neustar's IoT Identity  initiatives. This included a product for IoT which was an improvement over normal PKI providing cryptography based policy enforcement and Identity Management in a highly decentralized architecture.

As part of this responsibility for the past 2 years,  many Blockchain and DLT based prototypes and concepts were given a lot of resources for prototype assessments. Platforms and protocols included: IoTA, Ethereum, Hyperledger, Rootstock, Lisk, NEO and many lower level protocols including things such as Telehash and Cothority.

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