For Borrowers

This guide explains how businesses interact with Trilobyte to obtain and repay loans.

Getting a Loan

1. Find a Pool Manager

Borrowers work with an approved Pool Manager who will:

• Evaluate your business and cash flows

• Perform due diligence and risk assessment

• Structure the loan terms (principal, rate, term, split ratio)

• Create the vault on your behalf

Loan terms are negotiated off-chain between you and the Pool Manager. The agreed terms are then encoded into a Vault smart contract.

2. Wait for Funding

Once the vault is created, it enters the RaisingFunds phase. Investors deposit funds until the full principal is raised. You don't need to do anything during this phase.

3. Receive Disbursement

When the vault is fully funded, the Pool Manager approves and disburses the loan. The full principal amount is transferred directly to your wallet address.

Making Repayments

Once your loan is active, you make periodic repayments:

• Payments are due every 30 days

• The payment amount is the calculated EMI (Equated Monthly Instalment) — a fixed amount covering principal and interest

• Anyone can submit a payment on your behalf via receive_payment(payer, amount)

What happens to each payment

1. 0.5% protocol fee deducted → sent to treasury

2. Remainder split by the vault's split ratio:

   • EMI pool (e.g. 80%) → available for investors to claim as yield

   • Cash pool (e.g. 20%) → available for you to withdraw

Staying on schedule

• Make payments before the due date to avoid late fees

• If you miss a payment, the Pool Manager can apply an 18% p.a. late fee

• After the grace period (default 30 days), anyone can trigger default

Default has serious consequences — the Pool Manager's collateral is slashed and the vault enters a distressed state. Always communicate with your Pool Manager if you're having difficulty making payments.

Withdrawing from the Cash Pool

During the Active and FullyRepaid phases, you can withdraw your portion of repayments from the cash pool:

• Call withdraw_cash(amount) to withdraw available funds

• The cash pool balance is your share of incoming repayments (based on the split ratio)

• You can withdraw any amount up to the current cash pool balance

Renegotiation

If your circumstances change and you need adjusted terms, work with your Pool Manager:

• The manager can propose new interest rate and/or loan term

• If approved, the EMI is recalculated on the remaining outstanding principal

• Payment tracking resets with the new schedule

• This can be done from both the Active and Defaulted phases

Loan Completion

When all EMI payments are made:

1. The vault transitions to FullyRepaid

2. You can withdraw any remaining funds from the cash pool

3. The vault eventually moves to Finalized (terminal state)

Key Functions

Function	Description
receive_payment(payer, amount)	Make a loan repayment
withdraw_cash(amount)	Withdraw from the cash pool
get_config()	View vault terms and current phase
get_outstanding()	Check remaining principal
get_next_due()	See next payment due date
get_emi()	View the EMI amount
get_cash_pool()	Check available cash pool balance
get_payments_made()	See how many payments have been made