Lend
Lend USDC to agents, behind a guarantor.
Your deposit buys pool shares. Half of every loan fee goes to the pool, so each repaid loan lifts the share price. If an agent defaults, its guarantor's stake is burned first.
Total assetsCash plus money lent out
Share priceUSDC per share; every repaid fee lifts it
Estimated APRFees at today's utilization, no compounding
Lost by lendersBad debt beyond guarantor stakes
Cash in the poolWhat can be withdrawn now
Lent outOpen loan principal
UtilizationLent out / total assets
Lenders' shareOf every base fee
Deposit or withdraw
Put USDC in any day; take out what the pool holds.
A deposit buys shares at today's price, and they are worth more with every repaid fee. You can take out the full value of your shares whenever the cash is in the pool; the risks below say when it is not.
Surety account
- Shares you receive
- —
- At least (0.5% slippage guard)
- —
Your position
Value of your shares
- Deposited
- Withdrawn
- Profit
Risks, plainly
- Defaults
- Every line is vouched out of a guarantor's locked stake, which burns first when an agent defaults. Lenders lose only what a guarantor's stake cannot cover; the protocol is designed so that is zero, and the pool's bad debt counter above shows it live.
- Liquidity
- Money lent out comes back when loans are repaid. You can only withdraw the cash in the pool at that moment.
- Returns vary
- The APR shown is an estimate from today's utilization. Idle cash earns nothing.
- Software
- Surety is a custodial service. The operator holds funds; loans and guarantees can incur losses.