Private credit infrastructure built for transparent risk.

Permission-aware lender shares, auditable loan servicing, asynchronous liquidity and first-loss protection—composed into one production-minded DeFi architecture.

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13 contracts verified 76 protocol tests Sepolia live

Credit vault overviewTPC Senior Income Pool

Operational

Net asset value— Waiting for live contract data

Liquid cash 0.0% Performing credit 0.0%

Facility utilization0.0%

Share price—

Active facilities—

Liquid cash

—

Immediately available in vault custody

Performing principal

—

Capital deployed to approved borrowers

First-loss reserve

—

Sponsor-funded downside protection

Portfolio utilization

—

Outstanding principal versus limits

Architecture

A credit lifecycle designed for control and composability.

The protocol makes each financial assumption visible—from investor eligibility through underwriting, servicing, impairment and exit liquidity.

Permissioned capital

Transfer-aware eligibility controls bind KYC, jurisdiction and accreditation status to every lender position.

Asynchronous liquidity

ERC-7540-style deposit and redemption queues separate investor requests from NAV-priced settlement batches.

First-loss protection

Sponsor capital absorbs eligible credit losses before lender NAV, with explicit reserve accounting and coverage visibility.

Attested risk data

Quorum-signed NAV reports make impairment, principal and reserve information auditable across the protocol.

Protocol flow

From stablecoin capital to risk-adjusted yield.

Inspect pool accounting

1Investor eligibility

2USDC escrow

3NAV-priced shares

4Underwritten facility

5Waterfall repayment