Facility Parameters

Every LCC facility is its own contract with its own terms. The live facilities and the terms that differ between them are listed first; every other term is shared across facilities.

Live facilities

Facility	Margin asset	Facility promise cap	Per-account promise cap
LCC-WAETHUSDC-01	waEthUSDC (wrapped Aave USDC)	10,000,000 USDC	1,000,000 USDC
LCC-WAETHUSDT-01	waEthUSDT (wrapped Aave USDT)	5,000,000 USDC	1,000,000 USDC

The margin asset is the stable asset staked as the performance bond: an ERC-4626 vault share, with its yield accruing to the staker. You do not need to hold the wrapped asset; the deposit helper wraps USDC or aaveUSDC (USDT or aaveUSDT) and stakes in one transaction. Deposits are allowlisted per address at launch: the first stake attempt verifies the address's DeFi assets and sets its promise limit (see the capitalization requirement).

Shared parameters

Term	What it means	Launch value
Margin ratio	Margin required per unit of promise; sets the promise leverage	7.5% (13.33x)
Promise fee	Annual rate paid on the active promise	1.25%
Funding bonus APY	Additional annual rate paid on funded capital during the cooldown, on top of USD3 yield	0.75%
Facility start	When the facility's first epoch begins	September 1, 2026, 00:00 UTC
Epoch length	One full cycle of the epoch clock	21 days
Call decisioning window	The window in which 3Jane may open the epoch's capital call	2 days
Funding window	Time to fund an obligation once a call opens	9 days
Auction window	How long the shortfall auction runs	4 days
Funding cooldown	Protocol-wide cooldown before funded USD3 is redeemable, the same across all facilities; the full amount unlocks at once	35 days
Minimum promise	Smallest promise the facility accepts	25,000 USDC
Capitalization limit	Cap on an address's total promise relative to the DeFi assets verified in it (see the capitalization requirement)	500% (5x) of verified net worth
Minimum staking period	Epochs after your latest stake before an unstake request	0 epochs
Unstake delay	Epochs after an unstake request before the position can exit through the per-epoch capacity	2 epochs
Unstake capacity	Share of the facility that can unstake each epoch	20%
Positions per address	Open facility positions one address may hold	One at launch
Term	Callable epochs before the facility becomes withdraw-only; perpetual if unset	Perpetual
Auction curve	Number of steps and per-step decay rate: how fast slashed margin is offered to bidders	30-minute steps; each step offers a further 0.84% of the not-yet-offered margin, reaching about 80% of the pool by the end of the window
Award cap	Hard cap on margin awarded per unit of shortfall filled	Margin worth 100% of the amount filled
Auction fee	Protocol fee on auction-awarded margin, charged out of the surplus	0%

Contract addresses are listed in Developers → Addresses.