FAQ
What can funds be used for?
Trading, yield farming, working capital. Use for personal expenses is expressly NOT allowed.
Who can borrow?
U.S.-based mass affluent / high-net worth yield farmers and traders with onchain history, a credit karma account, and a bank account.
What is total value verified?
The real-time USD value of all depositors’ idle USDC parked in Aave plus every borrower’s verified on-chain, CEX, and bank assets used to size credit limits.
What are the credit lines underwritten against?
Against the borrower’s Jane Score and a risk-adjusted LTV of their verified assets—stablecoins, majors, altcoins, staked tokens, LP shares, CEX cash, and bank balances.
What are the max LTVs?
Per-asset LTVs range between 5%-95%. Subject to change.
What are the legal recourse mechanisms in case a borrower defaults?
The NPL auction assigns the debt to a licensed U.S. collection agency on a contingency basis that can pursue phone/email outreach, negotiated plans, court judgments, wage or bank levies, CEX freezes, and onchain asset recovery.
What happens if I default?
The NPL auction assigns the debt to a licensed U.S. collection agency on a contingency basis that can pursue phone/email outreach, negotiated plans, court judgments, wage or bank levies, CEX freezes, and onchain asset recovery.
What legal recourse do lenders have?
Individual lenders do not pursue borrowers directly. Their claim is enforced collectively through the protocol. Defaults trigger the NPL auction, which assigns the debt to licensed U.S. collection agencies and routes any recovered principal and interest back to the pool, thereby safeguarding lender funds without requiring them to litigate.
What personally identifiable information is stored?
Do any 3rd parties have access to personally identifiable information?
Only collections agencies have access to personally identifiable information in the case of a default. No other party has visibility into the data, including the Ethereum ledger, Reclaim, Cred protocol, Blockchain Bureau, and others.
Do I need to install anything on my phone for Reclaim to work?
No, we use IOS appclips.
Connecting to Credit Karma does not work.
Go off vpn.
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