Credit Issuers

Structured credit issuers incentivising liquidity

Credit Issuers are protocols that require access to depositor side liquidity in exchange of allocations/points/yield as incentives for a range of purposes that could be setting up new pools for pegged assets, operating validators, maintaining project security or increasing protocol TVL.

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Accessing liquidity through Lucidly ensures terms being settled fully onchain, with rates being highly competitive compared to the traditional long dates option contracts offered by multiple market makers and funds.

Issuers on Lucidly can structure liquidity demands and see if they could meet them at set rates using an automated novel LBP mechanism to mint notes. This works using an ascending rates mechanism where the depositors and issuers could reach Market Equilibrium. Using this way, the vaults are structured at terms decided by the markets making liquidity rates as competitive as it could get avoiding the opaque offchain loan terms protocols tend to pay in the current markets.

The notes issued using this mechanism would be highly liquid and tradable on secondary market orderbooks facilitating execution of liquidity orders curated custom smart contracts for Dutch auctions completely onchain.