Trilobyte is a decentralised lending protocol built on Stellar's Soroban smart contract platform. It connects businesses that need working capital with investors who earn yield from loan repayments.
Is Trilobyte live?
Trilobyte is currently deployed on Stellar Testnet and undergoing auditing. Mainnet launch has not been announced yet.
What blockchain does Trilobyte run on?
Trilobyte runs on Stellar using the Soroban smart contract platform. It leverages Stellar's low fees, fast finality, and SEP-41 token standard.
Is the code open source?
Yes. The smart contracts are written in Rust and built with OpenZeppelin Stellar Contracts v0.6.0 for battle-tested security.
For Investors
How do I earn yield?
You earn yield by depositing funds into a Vault during its RaisingFunds phase. As the borrower makes repayments, a portion (determined by the split ratio) flows into the EMI pool. You can claim your pro-rata share at any time.
What are debt tokens (tVLT)?
When you deposit into a vault, you receive Trilobyte Vault Tokens (tVLT) at a 1:1 ratio. These are SEP-41 compliant fungible tokens that represent your share of the vault. Your yield entitlement is proportional to your token balance.
Can I withdraw my deposit?
You can withdraw during the RaisingFunds phase before the vault is fully funded. Once the vault transitions to AwaitingApproval, your funds are committed.
What happens if the borrower defaults?
The Pool Manager's collateral is slashed to provide partial recovery for investors. However, collateral may not cover your full deposit. Always evaluate the vault terms and manager track record before investing.
Are there fees?
A 0.5% protocol fee is deducted from your deposit. This fee goes to the protocol treasury.
For Borrowers
How do I get a loan?
Work with an approved Pool Manager who will evaluate your business, structure the loan terms, and create a vault on your behalf. The loan terms are negotiated off-chain and then encoded into a smart contract.
What happens if I miss a payment?
The Pool Manager can apply an 18% p.a. late fee. If you miss payments beyond the grace period (default 30 days), anyone can trigger default — which slashes the manager's collateral.
Can I renegotiate my loan?
Yes. Your Pool Manager can propose new terms (interest rate and/or loan term). If approved, the EMI is recalculated on the remaining outstanding principal with a reset payment schedule.
What is the cash pool?
Each repayment you make is split between the EMI pool (investor yield) and the cash pool (your operating capital). You can withdraw from the cash pool at any time during the Active or FullyRepaid phases.
For Pool Managers
How do I become a Pool Manager?
You must be approved by the protocol's Operations Admin. They register your address and assign a credit limit that caps your total outstanding principal.
What is collateral and why do I need it?
You must deposit collateral before creating vaults. This is your "skin in the game" — it gets slashed if a vault defaults, providing partial recovery for investors. This aligns your incentives with investor protection.
What happens if a vault defaults?
Your locked collateral for that vault is slashed, you are flagged as delinquent, and you are blocked from creating new vaults. Only an Operations Admin can clear your delinquency after review.
What is a credit limit?
Your credit limit caps the total outstanding principal across all your active vaults. It's set by the Operations Admin and prevents over-leveraging.
Technical
What token standard does Trilobyte use?
Debt tokens follow the SEP-41 standard — Stellar's native fungible token specification. The vault contract implements the FungibleToken and FungibleBurnable traits from OpenZeppelin.
How is the EMI calculated?
Using the standard amortisation formula with integer-only math (Soroban has no floats). Internal precision uses 10¹² scaling, and the final EMI is ceiling-rounded.
What is the day-count convention?
Trilobyte uses 30/360 — each month is treated as 30 days. This is standard in traditional finance.
