SFULC earns yield from real-world private credit, not from emissions, incentives, or token mechanics.
The yield comes from Fulcrum Lending’s private credit strategy, which generates cash flow through interest payments made by borrowers in the real economy.
The source of yield
Fulcrum originates and manages credit positions backed by income-producing U.S. multifamily real estate.
Borrowers pay interest on these loans over time.
Those interest payments are the source of SFULC’s yield.
There are no token rewards, liquidity incentives, or protocol subsidies involved.
Yield is generated offchain through real economic activity and reflected onchain through SFULC.
How yield accrues to SFULC
As interest is earned by the underlying credit portfolio, the net asset value backing SFULC increases.
This increase is reflected in the value of SFULC over time.
Yield accrues automatically. There is no staking, claiming, or manual action required by the user.
SFULC does not advertise or promise a fixed APR. Returns vary based on the performance of the underlying credit strategy.
What this means for holders
Holding SFULC provides exposure to yield that is:
- Backed by contractual cash flows
- Generated outside of crypto
- Designed for sustainability rather than short-term incentives
Users interact only with SFULC. Loan origination, underwriting, and asset management remain handled by Fulcrum in the background.
Important considerations
SFULC reflects the performance of a private credit strategy.
This means:
- Yield is earned over time, not instantly
- Returns depend on borrower performance and portfolio health
- SFULC is not risk-free and is not a stablecoin
These characteristics are inherent to private credit and are part of why it can generate durable yield across market conditions.