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By Trilobyte
A Cash Flow Financing Protocol on Soroban
Trilobyte is an uncollateralised lending protocol on Soroban, the Stellar Development Foundation’s new native smart contracts platform. The focus of Trilobyte will be on facilitating trade, working capital, and other cash flow finance transactions (Cash Flow Financing) for Latin America and the Caribbean (LATAM+C). These loans are expected to be executed between parties experiencing difficulties contracting the finance they wish to contract for reasons relating to trust, shortcomings of the financial markets they operate in, local currency convertibility issues, geographic bias, or global regulation limiting their activity, among others. Trilobyte will provide the necessary infrastructure to connect whitelisted borrowers with investors, allowing the former to borrow digital assets against expected future cash flows, as a simpler and more cost-effective alternative to what is available in local or international financial markets.
Trilobyte’s ecosystem will consist of five key entities:
- Borrowers: Reputable organisations searching for working capital to finance their operations. - Borrower’s Vault: The equivalent to a loan in traditional finance, the Vault is a special-purpose receptacle for receiving the agreed cash flows. It is represented by a smart contract on the Stellar Soroban platform. Vaults can be permissioned or permissionless. - The Payment Actors: Payment Actors are third-party vehicles through which the cash flows that serve as the source of repayment are channelled in a Cash Flow Financing lending scheme. Payment Actors can be independent persons or entities who regularly pay funds to the Borrower in the normal course of the Borrower’s business activities. These are generally the clients or customers of the Borrower’s business or other parties, such as management entities or electronic payment platforms, who owe regular payments to the Borrower in the normal course. These regular payments constitute the cash flows that can be captured in a cash flow finance scheme by directing the Payment Actors to make all future payments to the Vault for subsequent redistribution between the Investors and the Borrower in accordance with the agreed terms of the transaction. - The Investors: Private individuals or entities who will transfer digital assets into one or multiple Borrower Vaults in exchange for future yields. - The Treasury: Initially managed by the Trilobyte team, the Treasury will whitelist Borrowers, create Vaults, and ensure that Payment Actors meet their agreed payment obligations. A DAO is expected to manage the Treasury in the future as the project scales.
$119.0K
Yulexi Matienzo
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