WHO TAKES THE FIRST LOSS?
Before capital earns, risk has to sit somewhere.
At Forest Road Vault, losses don’t move straight to sUSDfr holders.
The protocol follows a defined three-layer cascade:
1. Curator first-loss capital
Absorbs losses first.
2. sGROVE backstop
Absorbs losses after curator capital is exhausted.
3. sUSDfr principal
Sits behind both layers.
The order is enforced by the protocol. A realized loss cannot simply skip the junior layers and move directly to sUSDfr.
That doesn’t eliminate credit risk. It defines where that risk sits, who absorbs it first, and how capital is aligned before a depositor is impaired.
Risk shouldn’t be hidden. It should be structured.
https://t.co/zWdQyZfQ12
Forest Road Vault raises $5M in seed capital.
Forest Road Vault has closed its fifth funding round, bringing total raise to $5M.
Another step in building the infrastructure to bring real-world credit on-chain, and a clear signal of the conviction behind that vision.
Forest Road Vault exists because of years spent originating, underwriting, and servicing real-world credit, work that's now moving into an on-chain financial ecosystem, built to be checked, not just trusted.
We're not done raising. Conversations with strategic investors and partners who share this vision for the future of on-chain credit are still ongoing.
To everyone who's backed this from day one, thank you. It shows.
The vault keeps building.
This is still early.
Forest Road Vault has raised $3M in seed funding
Forest Road Vault has completed its third funding round, bringing total raise to $3M.
This marks another close in our funding journey as we build the infrastructure to bring real-world credit on-chain.
Forest Road Vault is built on years of experience originating, underwriting, and servicing real-world credit now being brought into an on-chain financial ecosystem.
This is only the beginning.
Additional funding rounds are currently ongoing as we continue bringing together strategic investors and partners aligned with our vision for the future of on-chain credit.
To everyone who has supported Forest Road Vault from the beginning, thank you.
We're building the vault.
And we're just getting started.
🎥Video Guide Contest - Forest Road Vault
Show us how you'd explain Forest Road Vault to someone new.
Best video walkthrough on how to stake, from getting USDfr to depositing into sUSDfr, wins the Gardener role in our Discord + 100 USDfr.
Your own voice, the real flow. No scripts, no AI filler.
Post your video, tag us.
Deadline: September 30.
https://t.co/zWdQyZfibu
The audit is public.
Every contract, every design decision, checkable on GitHub, not a summary slide, not "trust us." Read it yourself.
https://t.co/dYFXIcBq4Z
Mainnet is live because that review is done, not instead of it.
The wait is over. The Vault is opening.
We’re opening the doors to Forest Road Vault and giving you a closer look at what we’re building.
Many of you have been asking:
“What do we have for the community?”
As part of our roadmap and tokenomics, 50% of token rewards will be reserved for the community, with Season 1 participants eligible to earn from this allocation. T&Cs apply.
And this is only the beginning.
You’ll be rewarded for helping us build:
→ Bringing new members to the ecosystem
→ Community participation & engagement
→ Transactions and volume
→ Staking activity
→ Holding Discord roles and contributing to the community
→ Actively using the platform
→ Referring friends to Forest Road Vault
A major change to the Points Program is also coming later today.
If you’ve been early, stayed active, supported the build, or helped bring others in this is where it starts to matter.
Forest Road Vault is live.
Effective today, the protocol is open. USDfr is available on decentralized exchanges, and the vault holds $1M in initial capacity for staking into sUSDfr.
This is not a proposal or a roadmap. It is operational.
—
How to participate
1. Acquire USDfr
Available now on Uniswap (https://t.co/ydetEH1o52), or minted directly, 1:1, through the protocol's KYC-gated controller for verified users.
2. Connect and verify
Visit https://t.co/zWdQyZfQ12 and complete identity verification. This is a KYC-gated protocol, lending against real regulated collateral requires it.
3. Stake into sUSDfr
Deposit USDfr into the vault. In return, you hold sUSDfr, the yield-bearing side.
4. Let the book do the work
sUSDfr's exchange rate moves with actual performance across the credit book. No fixed rate. No promised return. Yield reflects what is earned, nothing more.
5. Exit through the queue
Redemptions process through the protocol's FIFO epoch system, matched to real underlying liquidity.
—
Forest Road Vault brings real, identified credit on-chain. Real collateral, real underwriting, checkable at every step.
More to come.
https://t.co/zWdQyZfQ12
Forest Road Vault has raised $1M in seed funding.
This marks the first close of our funding journey as we build the infrastructure to bring real-world credit on-chain.
Forest Road Vault is built on years of experience originating, underwriting, and servicing real-world credit now being brought into an on-chain financial ecosystem.
This is only the beginning.
Additional funding rounds are currently ongoing as we continue bringing together strategic investors and partners aligned with our vision for the future of on-chain credit.
To everyone who has supported Forest Road Vault from the beginning, thank you.
We’re building the vault.
And we’re just getting started.
🌳 Understanding Forest Road Vault in one picture.
🎬 Media & Entertainment
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