Absolutely! You can become a lender to the peer-to-pool system by depositing USDC into our pool, you can find it here:
Here's how it works:
Supply: USDC to get vault shares and fund new loans
Collect interest: Your shares' value grows as borrowers repay with interest
Suffer losses: Your shares' value decreases from borrower defaults
Withdraw: Redeem your shares for USDC (pending liquidity)
Thousands of borrowers have used these loans for things like daily expenses, transportation, groceries, and medical care.
Important risks
The smart contracts have been audited by Zellic. However, the protocol still carries unique risks, and returns cannot be guaranteed. Key risks include:
Loss Given Default Risk
The total interest paid may not be enough to compensate for the losses from defaults.
Market Risk
The price of WLD may fluctuate and affect the ability to recover defaulted debt.
Liquidity Risk: There may not be enough available liquidity to redeem your shares.
Protocol Risk: The system is still in development and may have bugs or vulnerabilities
At the moment, the Vault capped at $4,000,000 total assets.