Crypto Credit Lines (CCL)
Crypto Credit Lines (CCL) are one of 3Jane's two credit sleeves: uncollateralized USDC credit lines originated directly to U.S.-based cryptonatives — yield farmers, traders, sole proprietors, businesses, and AI agents. Where Fintech Credit Conduits fund other lenders, the CCL sleeve has 3Jane underwrite, originate, service, and hold the receivables itself.
It is a two-sided market: suppliers deposit USDC to mint USD3, and optionally stake for sUSD3, gaining exposure to a diversified pool of credit lines to crypto creditors. On the other side, merchants permissionlessly connect their ETH address, bank account via Plaid, and Credit Karma via zkTLS, and instantly generate a 0%-collateral, open-term, variable-rate USDC credit facility.
The core money market is an instantiation of the Morpho Blue contract, extended with credit-underwriter, credit-slashing, and interest-rate modules to push credit lines, incentivize repayment, and price address-specific credit default-risk premiums respectively.
In this section
Merchants — how a borrower connects and draws a credit line
Payments — repayment thresholds, monthly minimums, and syncs
Merchant Discount Factor Rate — early-payoff pricing on the advance
Credit Underwriter — the 3CA algorithm, Jane Score, and assets
Credit Slasher — default deterrence, legal recourse, and write-offs
Proofs & Privacy & Storage — how offchain data is attested and stored
Examples — worked underwriting and pull examples
Pull Credit Line — step-by-step guide
Pricing math for the advance lives in Merchant Discount Factor Rate; pool-level and tranche interest math lives in Pool Interest Rates.
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