Debit is an AI-powered finance platform that enables users to access both traditional credit products and onchain financial services through a conversational AI agent. The platform focuses on no-collateral lending from licensed traditional finance (TradFi) partners, combined with onchain actions such as swapping, bridging, borrowing, and yield generation.

Debit addresses key limitations in both traditional and decentralized finance. Many users face barriers when applying for conventional loans due to lengthy processes and strict requirements, while most onchain lending options require significant over-collateralization. Debit aims to simplify access to credit by allowing users to pre-qualify for no-collateral loans through licensed partners, while also enabling seamless onchain financial activity through the same interface.

The $DEBIT token serves as the native utility token of the Debit ecosystem and is used to access platform services and AI agent functionality. The project is backed by investors including Blockchain Capital, Franklin Templeton, Toyota Ventures, and Framework Ventures.