TProtocol Mechanism

Overview

TProtocol V2 is decentralized RWA lending protocol which facilitates the liquidity and mass adoption of RWA tokens in DeFi ecosystems.

RWA institutions can borrow USDC against their RWA tokens in separated pools with tailored risk parameters, interest rate model and liquidation method.

Users can lend their USDC in an over-collateralized manner to get access safe real yield backed by RWA tokens.

Our first pool will be launched with Matrixdock, which is a digital assets platform that provides institutional and accredited investors with transparent access to tokenized real-world assets (RWA) with an immutable record of ownership, daily Proof-of-Reserve and full bankruptcy remoteness. It is a brand owned by Matrixport, a Singapore based Crypto financial services platform with over $10 billion TVL. STBT is the sole RWA token supported in this pool.

Separated Pool Mechanism

Unlike traditional DeFi lending protocols, TProtocol V2 will have different pools for different RWA tokens/Issuers. This is because different RWAs have very different risk reward property and liquidity condition. This also ensures the risks in different pools are segregated and users can invest into different pools based on their risk appetite. To reach maximal capital efficiency, TProtocol also customizes interest rate model, risk parameters and liquidation method based on the property of the RWA tokens.

Lending

Users can deposit USDC to different pools managed by different institutions to gain real yield fully backed by RWA tokens.

Promissory Note Token

When users deposit USDC in the pools, promissory note tokens will be minted to users to to demonstrate they have deposited USDC into the pools. Different pools will have different promissory note token. When users want to redeem the investment, promissory note token will be burnt and USDC will be returned.

As the interest accrues, the exchange rate of promissory note token increases over time.

Borrowing

RWA token holders can deposit corresponding RWA tokens into the pool and borrow USDC. Borrowing is only available for RWA collateral. Users can not borrow against USDC.