Skip to main content

What is Splyce?

Welcome to Splyce's documentation. Here you'll find everything you need to understand how Splyce works, from our yield-bearing token splyceUSDC to our fixed-rate Single Asset Vaults. Whether you're depositing for the first time or digging into the protocol mechanics, this is the place to start.

Splyce — The home of real world yield

For most of financial history, the best-yielding assets were also the least accessible. Institutional treasury funds, private credit strategies, tokenized real-world assets. These products generate real, durable yield backed by actual cash flow. But they have always required accreditation, minimums, and paperwork. They were built for institutions, not people.

Splyce changes that. Connect a wallet. That is your credential.

What we have built​

Splyce runs two products. They work independently, but they are designed to work together.

Single Asset Vaults (SAVs)​

SAVs are fixed-rate, fixed-term lending markets. Holders of freely transferable tokenized assets post them as collateral and borrow USDC at a fixed rate for a fixed term. They keep ownership of the underlying asset throughout. You are the lender. Your rate is locked the moment you deposit, your position is backed by overcollateralized collateral, and vault tokens represent your position in that specific vault.

Simple version: you lend USDC, earn a fixed rate, and the loan is backed by assets worth more than what you lent.

splyceUSDC​

splyceUSDC is a yield-bearing token. Deposit USDC and receive splyceUSDC, a token whose share price rises over time as yield compounds into it. No staking. No claiming. No manual steps. Just hold it and the value accrues.

splyceUSDC draws from two sources. The Liquid Bucket holds roughly 60% of deposits across sUSDe (Ethena), sUSDS (Sky), and syrupUSDC (Maple): the highest-conviction short-duration liquid yield instruments in DeFi. The Fixed Income Bucket holds roughly 40%, deployed into SAVs earning lending spreads from real-world credit activity. That structure targets a blended 7 to 10% APY across chains and yield sources.