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Higher yields on high-quality collateral.
Lend against BTC and ETH at the risk level you choose, priced 28% higher for lenders than the same nine markets run in isolation.
Capital that earns even when unborrowed.
Backing assets pay a base return, so deposits keep earning through a structural yield floor while Lotus routes supply where it is needed.
Risk you can actually underwrite.
Tranche allocations are fully transparent, so you see exactly what you hold, model it, and check it against third-party ratings.
Leverage that exists nowhere else.
Dedicated tranches for correlated pairs fund leverage isolated markets cannot: the same loop earns more at 2x here than at 4x on a single-LLTV market.
Rates you can model.
Only the credit spread moves with utilization, so a swing moves a slice of your borrow cost, not the whole rate.
Pay for your position, not the average.
Each position is priced on its own tier, which modeled 14% lower borrow costs across nine markets than the same markets pooled.
The math
Potential returns for leverage loops
Leverage loopers benefit from lower borrow rates at the same level of leverage, and from more levels of leverage.
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Illustrative model output, not live rates. Assumptions: syrupUSDC yield 5.16% / reUSD yield 10.84%; Morpho borrow 4.68% / 5.40% at a 91.5% LLTV; minimum health factor 1.05; each loop borrows at the cheapest tranche that clears it. Open the full model →
Compete on strategy, not asset curation.
Capital is connected across the whole curve, so every tier is live at depth and the differentiator left is your judgment.
The market works underneath you.
Unutilized capital cascades across the curve and keeps earning through productive debt, so your week goes to strategy, not to rebalancing fragmented markets.
Credibility infrastructure, built in.
Transparent exposures and third-party ratings roll up from the markets you hold, so the diligence surface exists before you pitch.
Yield on collateral your users trust.
Start with Lotus One, a managed USDC vault on Ethereum, or select individual lending strategies for your platform.
Choose how you integrate.
List Lotus vaults as managed allocations, or build your own strategy using individual vaults and tranches.
Transparent risk you can verify.
Every tier’s rate, LLTV and third-party (Credora) rating are readable through the API on Cyfrin-audited contracts, so you can compare and route by exposure.
The vaults
Lotus One
One managed allocation for USDC lending.
A USDC vault on Ethereum that allocates across risk-managed lending vaults. One ERC-4626 integration gives users access to the combined allocation.
USDCRisk-Managed Vaults
Lotus One allocates across these vaults, each run by an independent manager and rated by Credora. Platforms can also list them individually.
USDC Conservative
USDCUSDC Balanced
USDCUSDC Aggressive
USDCHolding BTC or ETH?
Automated carry strategies earning the spread between the supply and borrow rates. Powered by IPOR Fusion.
BTC Yield
cbBTCETH Yield
wstETHStart with Lotus One.
One ERC-4626 integration. A managed allocation across the risk spectrum.
cbBTC / USDC
Borrow USDC against Coinbase-wrapped BTC. Tranches from conservative to aggressive, every tier priced on its own.
cbBTCwstETH / USDC
Borrow USDC against wstETH. Correlated-pair leverage with dedicated tranches, priced tier by tier.
wstETHsyrupUSDC
Borrow against Maple's yield-bearing dollar. The first RWA collateral wave, tranche-priced like everything else.
syrupUSDCreUSD
Borrow against reUSD. Yield-bearing RWA collateral on the same curve, every tier priced on its own.
reUSDTwo primitives, zero idle capital.
Hover a tranche to preview it. Click to pin.
The math
A carry trade within one market
Borrow a senior tranche, resupply a junior one. About 3% organic carry in the base case, no incentives in the math.
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The spread exists because each tranche is priced on its own, so the trade persists as long as the curve does — before any collateral yield on top. Illustrative until the interest-rate model is finalized. Assumptions: SOFR 3.59%, lower-risk rating grid, zero incentives. Open the live calculator →
Always understand what you’re exposed to.
USDCVerify
Find our full library of content below, structured for agents. Point your LLM at this page.
Understand
- How Lotus WorksTranched markets, cascading supply, productive debt. The full mechanism tour.
- The Missing Middle in DeFi LendingWhy market structure forces lenders into a false choice.
- Productive DebtThe yield floor: capital earns even when it isn't borrowed.
- Borrow on Your TermsTier selection and leverage from the borrower's side.
Verify
- Credora Preliminary Risk AssessmentThird-party tranche ratings: cbBTC/USDC and wstETH/USDC.
- Block Analitica Economic AssessmentMarket parameters and simulation analysis.
- Security at LotusHow the protocol is designed, reviewed, and operated.
- Cyfrin Core Protocol AuditAudit completed; focused follow-up review underway. Combined report published on completion.
Go deeper
- Protocol documentationMechanism math, contract API, market parameters.
- Sandmark Credit Tranching AnalysisIndependent look at the BTC/ETH tranching opportunity.
- Building Blocks for IntegratorsYield inventory, risk signals, and differentiation for integrators.