3Jane

cryptonative credit creation. Backed by @paradigm

[3Jane @3janexyz]

1/Introducing the 3Jane Whitepaper:

The foundation for the first capital-efficient and scalable money market on Ethereum enabling users to borrow at 0% collateral.

Borrow against the future.

[3Jane @3janexyz]

3Jane has purchased a total +$60M in loans from @slopepay, crossing the $50M hold-level on the forward flow announced in June

Slope gets access to effectively unrated ABS economics via a USD3-funded forward flow- a meaningful structural innovation in the $15T securitization mkt

[3Jane @3janexyz]

3Jane has executed an ~$8.5m whole-loan purchase with Slope, the credit infrastructure powering business lending for @slashapp & the Fortune 10

Phase 0 of a broader $50m forward-flow program

USD3 now directly funds SMB lines of credit embedded in major U.S. commerce platforms

[3Jane @3janexyz]

To be clear, the fintech facility portion (72.5%) of the backing is generating ~11.3% APY with the remaining ~20% generating Aave rates and ~6% generating ~7.5% APY from cryptonative credit lines for short-term liquidity.

[3Jane @3janexyz]

USD3 is now ~72.5% backed by credit facilities to fintech lenders, earning a blended ~11.3% net APY

3Jane fully disintermediates the +$100B structured leverage market of fintech platforms

[3Jane @3janexyz]

Fintech lenders originate $1T+ every year in the U.S. across products like personal loans, BNPL, and charge cards

USD3 provides structured leverage to fintech platforms, increasing their lending capacity by up to 20x and driving credit expansion across the U.S.

[3Jane @3janexyz]

Read more below

[3Jane @3janexyz]

1/ U.S. fintech lenders originate >$1T in consumer & SMB credit annually

They don’t fund it all themselves

Warehouse facilities & forward flows power the entire industry, letting fintech platforms scale lending capacity by up to 20x using leverage

An ELI5 ↓

[3Jane @3janexyz]

@admff492 @obadje_

[3Jane @3janexyz]

3Jane has grown to $75M TVL since inception.

To accelerate our growth we're introducing LCC: a new primitive for unfunded capital commitments

Post 7.5% margin, back a 13x callable capacity, & earn 10%+ USD APY. Live in August

https://t.co/f12JPwg5cr

[3Jane @3janexyz]

@SubZer01_ if this isn’t money games onchain I don’t know what is

[3Jane @3janexyz]

@norbertbodziony absolutely.

[3Jane @3janexyz]

7/ LCCs are currently in audit and will be live for deposits in August

We will share more details on the underlying structure and mechanism over the coming weeks

If you wish to join our growing network of institutional bidders, reach out to @uhr3al on Twitter or Telegram

[Token Terminal 📊 @tokenterminal]

Top 10 asset issuers, ranked based on 30d % change in tokenized market cap:

1. @3janexyz
2. @NestCredit
3. @Anchorage
4. @jpmorgan
5. @tempo
6. @SoFi
7. @binance
8. @flyingtulip_
9. @KinesisMonetary
10. @RobinhoodApp

[3Jane @3janexyz]

DeFi credit began with crypto-backed loans via @SkyEcosystem & @aave

It evolved to CEX-backed margin via @ethena

3Jane aims to deliver credit-backed loans at scale, financed via cryptonative facilities

[3Jane @3janexyz]

10x leverage and 1,236 lines of Solidity

probably something