Stellar Community Fund

Untangled

Liquidity Award - '25 Q3

$50.0K

Base Liquidity Award

Awarded

Untangled.finance operates USDyc, our first strategy vault built on Untangled Yield Layer—a live protocol on Stellar enabling users to earn institutional-grade yield from tokenized money market funds, private credits and crypto native sources. Our mission is to democratize access to safe, sustainable dollar yields, particularly for users in emerging markets. Fintech and wallet apps can easily integrate our SDK, thereby enabling their users to effortlessly earn USD yields on their idle stablecoin balances. Our first product, USDyc, is audited, live at https://stellar.untangled.finance/#/

Products & Services

Untangled USDyc vault abstracts complexity of accessing onchain yield for users of fintechs and wallet apps. We also bring institutional-quality yield sources such as tokenized money market funds and private credit—to the Stellar blockchain. We transform Stellar USDC balances into yield-bearing assets, expanding Stellar’s utility beyond payments and driving deeper liquidity across the network. Our SDK enable partners like wallets and fintech apps to embed “Earn” functionality seamlessly, helping Stellar attract new users and TVL from both retail and corporate segments. Our audited Soroban contracts are open-source, allowing anyone in the Stellar ecosystem to build their own vault strategy or to leverage our existing ones.

Requested Budget

$50.0K

Go-To-Market Plan

Our strategy focuses on embedding Untangled vaults into Stellar-native wallets and fintech apps: Phase 1 (Q3-Q4 2025): Integrate vaults into wallets and fintech within Stellar ecosystem like Vibrant, LOBSTR, Decaf, Yellow Card, Puntored, Vesseo and Leaf enabling USDC holders to earn yield directly in-app. **Phase 2:**Expand the offer to non-Stellar targets, bringing them to Stellar ecosystem through integration with USDyc **Phase 3:**Expand into corporate treasury solutions and cross-chain wallet integrations to bring external capital into Stellar vaults. We are actively discussing integrations with several Stellar ecosystem partners as of July 2025.

Team

* Untangled's co-founders are Manrui Tang (Ms) and Quan Le (Mr) * Met at PwC while working on the impact of the 2008 Global Finance Crisis. * Both grew up in Asia but worked globally thus developed unique insights into democratizing access to capital around the world. * Passionate about building blockchain solutions to address the needs of the real world economy. Single focus on tokenization since the first wave in 2017. Manrui Tang, Co-Founder * 10y in M&A, due diligence in London with degrees from Imperial, LSE * Building in blockchain since 2017 * Focusing on funding, partnerships and distribution Quan Le, Co-Founder * 15y in M&A, strategy, due diligence before founding an agtech advisory firm in Africa * Building in blockchain since 2017 * Focusing on strategy, product and engineering