Credit Coop is a DeFi lending platform that lets USDC holders earn a fixed 11.1% APY by providing capital to vetted businesses through curated credit vaults. The platform underwrites borrowers based on verified revenue streams and secures loans with Spigot smart contracts that programmatically capture future cash flows as collateral, ensuring automatic, transparent on‑chain repayments.
Funding
Funding not disclosed
Founders
Product
Problem
Institutional investors seeking fixed‑income exposure often face limited access to credit assets that combine high yields with transparent, automated repayment mechanisms. Traditional private credit deals can involve opaque underwriting, manual cash‑flow collection, and elevated default risk, making it difficult to allocate capital efficiently.
Solution
Credit Coop creates curated credit vaults that accept USDC deposits from accredited institutional investors and lend the capital to vetted, revenue‑generating businesses. Each loan is structured using Spigot smart contracts, which lock borrower cash flows as programmable collateral, enabling automatic, on‑chain repayment. The platform conducts rigorous KYB/KYC checks, requires audited financial statements, and subjects every facility to a credit committee review to ensure borrower quality. As borrowers repay, interest is distributed to depositors in real time, delivering a fixed 11.1% APY. The system records all repayment events on the blockchain, providing transparent performance data and a verifiable zero‑default track record.
Target Audience
Primary customers are institutional and accredited investors who require predictable fixed‑income returns and are comfortable allocating capital to vetted commercial borrowers through blockchain‑based credit products.
Features
- Curated credit vaults offering a fixed 11.1% APY on USDC deposits
- Spigot smart contracts that secure borrower cash flows as programmable collateral for trustless repayment
- Comprehensive borrower vetting including KYB/KYC, audited financials, and credit committee approval
- On‑chain recording of repayment events, delivering transparent, real‑time performance metrics
- Automatic, proportional yield distribution to depositors as borrower cash flows are received
- Risk controls such as credit line caps, real‑time monitoring, and programmed recourse in case of default
- Withdrawal windows aligned with facility maturities, allowing capital reallocation after loan repayment