3Jane
  • Manifesto :: Borrow Against the Future
  • Short
  • Introduction
  • Scaling
  • Architecture
    • Core Money Market
      • Suppliers
      • Borrowers
      • Pool Interest Rates
      • Pool Backing
      • Repayments & Syncs
    • Credit Underwriter
      • 3CA Algorithm
      • Jane Score
      • Assets
    • Credit Slasher
      • Non-Performing Loan (NPL) Auction
      • Debt Write-Off
      • Default Game Theory
  • Risks
  • Proofs & Privacy
    • Proofs
  • Privacy & Storage
  • Borrow Examples
    • Farmer 1
  • Trader 1
  • Guide
    • Pull Credit Line
  • Resources
    • FAQ
    • Integrations
    • Links
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  • USD3
  • sUSD3
  1. Architecture
  2. Core Money Market

Suppliers

USD3

Suppliers can permissionlessly deposit USDC to mint USD3. USD3 is a stablecoin-denominated yieldcoin (ERC-4626) backed by the pool of credit lines. USD3 has a senior claim on interest repayments from the pool and has real-time liquidity for withdrawals based on the market reserves. 85% of the pool.

sUSD3

Suppliers can also permissionlessly stake USD3 for sUSD3 (ERC-4626) which gives holders levered yield on the pool of credit lines while absorbing first-losses in the case of defaults, net recoveries. sUSD3 is subordinate debt to USD3 and has a cooldown period before it can be withdrawn for USDC. 15% of the pool.

USD3 is NOT a stablecoin. It is a yield-bearing asset with seniority and may suffer drawdowns in the case of excess defaults.

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Last updated 5 days ago