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.

Over $340 billion in real-world assets have been tokenized. Less than 8% is usable in DeFi. The assets exist. The infrastructure to make them productive doesn't.

Splyce builds that infrastructure. Two products. One protocol. Yield that doesn't depend on the next cycle.

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. Institutional borrowers post eligible 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 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.