Resources and guides to help users navigate the MetaStreet Protocol

MetaStreet is a yield infrastructure protocol. It structures sources of high yield into a tradable asset.

  • Structuring is enabled through MetaStreet's v2: The Automatic Tranche Maker ("ATM"), a permissionless lending protocol that automatically organizes capital in a pool based on depositors' risk and return (rate) profiles.
  • Tradable Assets are enabled through our Liquid Credit Token ("LCT"), a liquid, composable ERC-20 representing each lender's position within a pool.
The main goals of The ATM are to improve on three shortcomings of existing lending protocols:
  • Oracleless: Remove the dependency on a centralized price oracle for loan to value limits
  • Dynamic Interest Rate Model: Replace a fixed, governance-driven interest rate model with a dynamic, deposit driven one
  • Permissionless: Allow users to instantiate a lending pool for any collection permissionlessly
LCTs were created to help scale digital asset market growth through several high yield opportunities. The primary benefits are:
  1. 1.
    Enable long duration loans: lenders, who historically did not want their capital to be illiquid, now have access to secondary liquidity at any point during the loan term.
  2. 2.
    Support/stabilize floor prices: by deepening lending markets (i.e. more deposits from the DeFi community) and by encouraging higher LTV loans (more yield) which will reduce sell pressure by holders.
  3. 3.
    Maximize yield: LCTs are fully composable tokens, which can be used within all aspects of DeFi, including trading, supplying LPs, leveraging with Vaults, etc.