Earn
Deposit USDC. Earn yield from the spread on hedging every loan. Your deposits are protected by collateral + insurance down to the protection level.
Recent markets have generated 6-12% APY from insurance premiums, depending on market volatility and utilization.
Markets — Supply to specific lending markets with defined collateral type, LTV, and exit window. Choose your risk exposure. Higher utilization = more of your deposit earning premiums. Idle funds earn base yield on Aave. Higher potential return with concentrated exposure.
APY
Yield generated from the spread on hedging activity across all loans
Utilization
% of pool capital in active loans. Higher = more premium income
Exit Window
Maximum time before deposited funds are redeemable. Borrowed portions unlock at loan maturity
Coverage
How your deposit is backed — collateral portion vs insurance portion. Always shows a full bar
Your position always shows full coverage. The mix shifts as prices move:
BTC stable
90%
10%
BTC drops
50%
50%
BTC at protection level
0%
100%
As collateral price drops, insurance picks up the difference. Protected down to the protection level.
Partial withdrawal — Any amount up to your available balance. Funds in active loans unlock at maturity.
Exit Full Position — Freezes your capital. No new loans allocated. Active loans keep earning until maturity. Withdraw as funds unlock.
Fees — 8% protocol + 1% market fee on interest. You receive 91%. No deposit or withdrawal fees.
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