Trilobyte

Built on Soroban, Stellar's new native smart contracts platform, trilobyte connects investors, and borrowers thanks to the power of blockchain technology.

With trilobyte, whitelisted borrowers can borrow digital assets without the need to put any collateral upfront. Instead, they use their future cash flows to back up their loan.

Similarly, investors are able to generate returns on the assets they lend to borrowers.

How does trilobyte work?

the Investors

deposit digital assets into a Borrower's Vault and earn yield. They receive tokens from the Vault representing a share of their deposited funds. By returning the tokens to the Vault, investors submit a withdraw request to receive the underlying asset representing the value of their vault tokens.

the Borrowers

negotiate (outside the protocol) loan terms (i.e. interest rate, maturity period, payment instalments) with the Treasury after being whitelisted. They also provide information about the Payment Actors that will be participating in their loan repayments.
Once the loan terms have been agreed, and a binding legal contract signed among all parties (Treasury, Borrower and Payment Actors), the Borrower gets a Vault that can be funded by Investors.
For the benefit of having access to capital to finance their operations, Borrowers need to pay interest on the borrowed amount (ongoing fee).
The ongoing fee is paid by the Borrower to the Vault by using the Payment Actors as their payment agents. Payments made to The Vault by the Payment Actors is then distributed between The Treasury, Investors and the Borrower.

the Payment Actors

are individuals or organisations with a legal obligation to pay Borrowers for services they receive. But, instead of paying directly to a Borrower, they receive an irrevocable payment instruction to pay into the Vault.

the Treasury

The trilobyte ecosystem

The ecosystem consists of 5 key entities

1-The Borrower

Reputable organisations looking for additional capital to finance their operations.

2-The Borrower's Vault

The equivalent to a loan in traditional finance. It is represented by a smart contract on Stellar Soroban.

3-The Payment Actor

An individual and/or organisation that have future payment obligations with the Borrower. Payment Actors make payments directly into the Borrower's Vault.

4-The Investor

Private individuals and/or organisations that put digital assets into one or multiple Vaults as investment vehicle. Their main interest is to profit from the returns generated by the Vaults.

5-The Treasury

Initially managed by the Trilobyte team, The Treasury is the entity responsible for whitelisting borrowers, creating Vaults for Borrowers as well as ensuring that Payments Actors meet their obligations towards the Vaults. In the future, The Treasury will be managed by a DAO.

trilobyte