Earn · for lenders
Deposit USDC, receive soUSD. Every loan the pool funds writes a call option on its collateral, and you collect that premium the moment the trade is executed.
soUSD
As loans settle, the premiums they earned accrue to the pool, and your soUSD quietly becomes worth more USDC. No claiming, no staking dance.
Capital that isn't funding loans auto-deploys to Aave for base yield until a borrower needs it.
- 01Deposit
USDC → soUSD, locked for your chosen tenor
- 02Accrue
call premiums from every funded loan, priced at entry
- 03Fallback
idle funds earn Aave base yield automatically
- 04Redeem
soUSD → USDC + premiums, after tenor unlock
Where the yield comes from
Every borrower's collateral has a call option written against it. Someone pays real money for that option, and that payment is your yield. It is priced when the collar is executed. Not projected. Not emitted.
Target: 10–16% APY depending on tenor, with a floor mechanism protecting your principal on the downside.
Three tenors, one floor
Your tenor
Pick a lock, see the target yield.
The balanced seat. Meaningful premium capture with a monthly unlock.
Target ranges, not guarantees · a floor protects principal on the downside.
The honest part
Yield is variable, not guaranteed. If volatility compresses, premiums shrink, the floor softens this, but doesn't erase it. If a borrower defaults, the put settles and the collateral is auctioned, you are protected down to the floor, not to infinity.