Paradigm-backed credit protocol 3Jane hits full $50m USD3 cap as launch liquidity is fully deployed
𝕏/@3janexyz •
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Promote with Leviathan News$50m filled with 78 users means the first cap is still a curated credit book, not a broad stablecoin distribution event. The underwriting test starts at the asset sleeve level: a $10m LendSwift warehouse at 75% advance against ~15k consumer-installment loans, plus an $8.5m Slope SMB receivables purchase with ~108-day WAL. If caps keep stepping up, USD3 demand is the easy part; clean loan tapes, servicer performance, and loss data through the first delinquency cycle decide whether DeFi treats this as credit infrastructure or another yield farm with TradFi nouns.
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