Ethereum contracts deployedTransactions may use real assets. Primary-market minting and instant redemption are KYC-gated; deployment does not mean every product or entry path is open. Review the legal and risk disclosures.

Documentation

For depositors, reviewers and integrators. This build reads the Ethereum mainnet deployment.

Contracts Audits Live state
Claimsreconcile to evidenceProof

The documents.

Start with the overview, then the how-to guide if you plan to use the app. The rest cover live status, the protocol's guarantees, who can change what, how defaults are priced at exit, how the system is tested, and how to integrate.

01Start hereProtocol overview

What the protocol is: two tokens, identified-per-asset collateral, and the three-layer loss cascade.

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02GuideHow to use the app

Step by step: connect a wallet, check what your address can do, get USDfr, stake it for yield, exit through the redemption queue, and track your position.

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03Ethereum V2Live deployment status

The live loan book, where the yield comes from, loss protection, exits, the open findings that matter to depositors, recent changes and operating limits.

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04Safety specProtocol guarantees

The nine system invariants: backing, value conservation, cascade ordering, the mint gate, FIFO redemption. Each is mapped to the on-chain mechanism that enforces it and the test that proves it.

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05Trust modelRoles & governance

Every privileged role, who holds it in production, and the exact functions it gates, including the timelocked governance setters and the never-pausable cascade.

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06ValuationDefault recovery & exit pricing

How professional recovery assessments affect the queue, how junior protection is applied, and why any later redeemer top-up is discretionary and separately funded.

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07AssuranceSecurity & testing

Test rigor and the evidence behind the deployed release, the limits that remain, the trust boundaries, and how to report a vulnerability.

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08For buildersIntegrating

Where our tokens depart from what their interfaces imply: asynchronous redemption through the queue, the absolute gas floor on every balance change, sanctions-screened transfers, and the 24-decimal share. Read before wiring a router, adapter or aggregator.

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