SPICE Credit
Description
LPs deposit USDC into the spcUSDC vault on YieldApp. The USDC will then be allocated into Principle Protected (PP) RWA lending positions.
Share Price
Returns accrue through growth in the share's value rather than periodic distributions. Income generated by the underlying assets is retained and reinvested, lifting the net asset value per share.
Addresses
Where the yield comes from
LC-backed Trade Finance
USDC is allocated to PINNACLE, SPICE's wholly-controlled South Asian import/export house, at a fixed rate during the utilisation window. PINNACLE executes Letter of Credit-backed short-term commodities financing, bulk commodities supplied to Tier 1 buyers (publicly listed companies, state-owned enterprises, and the largest APAC supermarket chains). Price-locked contracts with zero speculative exposure; positions are covered against third-party risk via trade credit and marine/cargo insurance across import and export legs. This structure eliminates long-term exposure.
| Strategy | Total Supplied | Percentage |
|---|---|---|
Trade FinancingDeployed off-chain into trade finance positions | $1.1M | 99% |
Liquid assetsHeld on-chain, immediately available | $14.8K | 1% |
Audits
spcUSDC uses Accountable vault infra. Firm, scope and reports. Designed to meet the highest standard of safety and security.
SPICE assets
SPICE, the Modern Digital Credit. Transparent, verified and secured origination built on data layer, attestation, matching, and risk transfer stack (CDS). SPICE is Digital Credit that can integrate directly with NEO-banks, On-chain credit and TradFi Institutions.
