3Jane has executed a $100m forward-flow agreement with @usesettle, a leader in inventory financing for U.S. CPG brands with >$4b originated
USD3 now funds 100+ brands and scales with Settle
Another major step toward a global, onchain ABS market
3Jane x @ClearstarLabs vault currently generating the highest USDC yield among morpho vaults on Ethereum with $10M+ deposited, @ 7.27% APY
Suppliers accrued another ~666K $JANE this epoch
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 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 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
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
3,413,747 $JANE emitted in epoch 3
Early users locked in a fixed 0.051% - 0.307% of the final $JANE supply for the week
USD3 cap raised to $70,000,000 entering the new epoch
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 began as a credit-based money market extending lines of credit to cryptonatives.
Today we're evolving into programmable credit facilities via warehouse loans & forward-flows to power the next generation of fintech originators across a $100B opportunity.
Full post below.