Business Model

Fee Category
Total
Loan Provider
Platform Owners

Loan interest

Variable 10-25% prior to relending

2.00%

Loan initiation fee

0.50%

0.25%

Liquidation penalty

3.0%

1.00%

(Optional) Trading fee

Split between Loan Provider and Platform Owners TBD

Phase 1 Target Metrics

  • Trading volume - $50M per day

  • Loan initiations - $50M per day

  • Loans - $500M x Y relending (average 12%)

  • Trading Fee

Fees available to platform owners (monthly)

  • Loan initiations = $50M *0.25% *30 days= $3.75M

  • Loans = $500M * 1.5% / 12 = $0.83M

  • Liquidations (10% of positions) = $50M * 10% * 1% = $1.50M

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