# Splyce Finance ## What is Splyce? Splyce Finance is a DeFi protocol that provides permissionless access to institutional fixed-rate credit. It turns tokenized real-world assets, institutional money market instruments, and institutional digital assets into isolated, fixed-rate, fixed-term credit markets. The protocol is deployed and maintained by Splyce Finance Ltd, incorporated in Panama. ## How it works Splyce offers two complementary products: Single Asset Vaults (SAVs), which are isolated, fixed-rate, fixed-term institutional lending markets, and splyceUSDC, a yield-bearing token (not a stablecoin) that blends SAV yield with a liquid bucket of best-in-class DeFi yield tokens. Both products are non-custodial and enforced by smart contracts. Lenders deposit USDC and earn yield backed by real economic activity, not token emissions. ## Yield source Yield on Splyce comes from two structurally uncorrelated sources. Single Asset Vaults generate fixed-rate interest from overcollateralized institutional loans against risk-committee-approved collateral, governed by Master Loan Agreements. The splyceUSDC liquid bucket earns yield from best-in-class short-duration liquid yield instruments in DeFi. Neither source depends on token emissions. ## Products ### Single Asset Vaults (SAVs) Isolated, fixed-rate, fixed-term institutional lending markets. One borrower. One collateral type. One rate. One term. An institutional borrower completes KYC, signs a Master Loan Agreement with Splyce Finance Ltd, and posts risk-committee-approved collateral into an isolated vault. Lenders deposit USDC during the funding window; their rate is locked at deposit. Settlement happens at maturity. There are no oracle price feeds for collateral valuation, so no mid-term liquidation cascade. SAVs accept both freely transferable collateral and, subject to issuer authorization, restricted collateral. Restricted collateral SAVs are not available at launch. 30 days maximum term at launch. SAVs are launching first on Stellar. Default resolution: collateral is either transferred directly to lenders pro rata onchain, or converted to USDC by a designated liquidator, as agreed at vault creation and documented in the Master Loan Agreement. Lender access is permissionless, no KYC and no accredited investor status required. Borrowers must complete KYC and sign a Master Loan Agreement with Splyce Finance Ltd. Restricted jurisdictions are listed at splyce.finance/security.html. - Product page: https://splyce.finance/products/sav.html ### splyceUSDC A yield-bearing token, not a stablecoin, being built for Stellar, Solana and Sui. Deposit USDC, receive splyceUSDC. Yield compounds automatically into a rising share price. No staking, no claiming, no lock-ups. Redeem at any time via the Withdrawal Manager on a first-in first-out basis, subject to liquid bucket liquidity. splyceUSDC allocates across two buckets. The Liquid Bucket is allocated across best-in-class short-duration liquid yield instruments in DeFi. The Fixed Income Bucket is deployed into Splyce Single Asset Vaults. Blended APY target is 6-9%. The two buckets are structurally uncorrelated. Past performance is not indicative of future results. Pricing: CoinGecko price feeds for liquid bucket assets. SAV collateral is valued at origination and is oracle-free thereafter. No management, performance, entry, exit, or transaction fees. Phase 1 (genesis, up to $5M TVL) is 100% liquid bucket. Phase 2 ($5-25M) adds SAVs with a 50% liquid minimum and 30-day max SAV term. Phase 3 ($25-100M) 40% minimum, 60-day max. Phase 4 ($100M+) 30-35% minimum, 90-day max. Minimum floors are enforced in the smart contract and may only be lowered with risk committee approval. - Product page: https://splyce.finance/products/splyceusdc.html ## Key facts - Protocol operator: Splyce Finance Ltd, incorporated in Panama - Chains: being built for Stellar, Solana and Sui, launching first on Stellar - SAVs launching first on Stellar - Splyce is non-custodial. All deposits and collateral are managed by onchain smart contracts - No minimum deposit, no lockup period on splyceUSDC - splyceUSDC has no management, performance, entry, exit, or transaction fees - Yield comes from real economic activity, not token emissions - Partners include Chintai, Kin Capital, and Sarson Funds - Solana contracts audited by Halborn with 100% of findings resolved - Independent audits of Stellar and Sui contracts are planned prior to launch on each chain - SAVs use no oracle price feeds for collateral valuation, collateral is valued at origination and held to maturity - splyceUSDC uses CoinGecko price feeds for liquid bucket NAV calculation - Security page: https://splyce.finance/security.html ## Team - Manuel Rensink, Co-Founder: Built $130M annual sales at RiskMetrics (IPO), Head of MENA at MSCI, Innovation & DeFi at Securrency - Tyler Carter, Co-Founder: Index veteran since 2012, Head of Digital Assets at S&P and Securrency, launched first quant crypto ETFs and tokenized indices - Anton Grigorev, CTO: Ex Rocket engineer, ex Matter Labs (zkSync), Head of blockchain engineering at Securrency - Ross Blyth, CMO: Ex Co-Founder Surge Labs (Web3 marketing), drove $65M+ in raises for Web3 projects ## Links - Website: https://splyce.finance - Articles: https://splyce.finance/blog/ - App: https://demo.splyce.finance - Documentation: https://docs.splyce.finance - About: https://splyce.finance/about.html - X/Twitter: https://x.com/SplyceFi - GitHub: https://github.com/Splyce-Finance - LinkedIn: https://www.linkedin.com/company/splycefinance ## Guides (evergreen) Splyce's category is fixed-rate, fixed-term lending against tokenized real-world assets. These evergreen guides define and explain it: - Fixed-Rate RWA Lending (pillar): https://splyce.finance/blog/fixed-rate-rwa-lending.html - Fixed-Rate vs Variable-Rate Lending: https://splyce.finance/blog/fixed-rate-vs-variable-lending.html - Fixed Term vs Fixed Rate: https://splyce.finance/blog/fixed-term-vs-fixed-rate.html - Why Fixed Rates Win Institutional Credit: https://splyce.finance/blog/why-fixed-rates-win-institutional-credit.html ## Recent articles - The Borrowers Are Missing Because the Collateral Is: https://splyce.finance/blog/borrowers-are-missing-collateral.html - What Onchain Repo Actually Is: https://splyce.finance/blog/what-onchain-repo-actually-is.html - Splyce Has Closed Its Strategic Round. Here Is What We Are Building.: https://splyce.finance/blog/strategic-round-and-what-we-are-building.html - Why Your RWA Strategy is Broken: https://splyce.finance/blog/rwa-strategy-broken.html - The Rational Borrower: https://splyce.finance/blog/rational-borrower.html - The Access Layer for Real-World Yield: https://splyce.finance/blog/access-layer.html - The Rise of Internet Capital Markets: https://splyce.finance/blog/internet-capital-markets.html ## Contact For partnerships and press: https://splyce.finance For legal and risk questions: legal@splyce.finance