Capital that is committed, enforced by code, and stays productive. Back financial obligations without locking capital or relying on intermediaries.
Capital is bound to defined obligations for specific terms and cannot exit while those obligations are active. Guarantees are predictable because enforcement is defined in code, not dependent on intermediaries.
Committed capital stays productive while in use. It can be deployed between obligation events to generate yield without compromising availability when enforcement is triggered.
Loss conditions are executed automatically by the protocol. Payouts occur without governance votes or manual intervention and hold under all conditions.
Applications access a shared capital base instead of building isolated pools. The same capital can back multiple use cases, enabling scale without fragmentation.