For Investors

This guide explains how investors participate in Trilobyte to earn yield from real-world lending.

How Investing Works

Investors earn yield by funding loans through Trilobyte Vaults. When you deposit funds, you receive SEP-41 debt tokens representing your share of the vault. As the borrower makes repayments, you can claim your proportional share of the yield.

Depositing

1. Find a Vault

Browse available vaults in the RaisingFunds phase. Each vault displays its terms:

• Principal — Total loan amount being raised

• Interest rate — Annual rate the borrower pays

• Loan term — Duration in months

• Split ratio — Percentage of repayments allocated to investor yield

• Pool Manager — Who underwrote the deal

• Funding deadline — When funding must be completed (if set)

• Permissioned — Whether the vault requires allowlisting

2. Deposit Funds

Call deposit(investor, amount) to fund the vault:

• You receive 1:1 debt tokens (tVLT) — if you deposit 10,000 USDC, you get 10,000 tVLT

• A 0.5% protocol fee is deducted from your deposit

• Your deposit is tracked individually in the vault

• You are added to the vault's investor list

For permissioned vaults, you must be on the Pool Manager's allowlist before you can deposit. Contact the manager to request access.

3. Withdraw Before Funding Completes

If the vault hasn't been fully funded yet, you can withdraw your deposit:

• Call withdraw(investor, amount) to get your funds back

• Your debt tokens are burned proportionally

• You can withdraw partially or in full

Once the vault is fully funded and transitions to AwaitingApproval, you can no longer withdraw. Your funds are committed.

Debt Tokens (tVLT)

When you deposit, you receive Trilobyte Vault Tokens (tVLT) — SEP-41 compliant fungible tokens:

Property	Value
Name	Trilobyte Vault Token
Symbol	tVLT
Decimals	7
Standard	SEP-41 (Stellar fungible token)
Cap	Equal to the vault's principal

Debt tokens represent your share of the vault and determine your proportion of yield.

Debt tokens are non-transferable. You cannot transfer, sell, or delegate your debt tokens to another address. The transfer, transfer_from, and approve functions are disabled. This ensures that yield claims remain tied to the original depositor.

Available token operations:

• balance — Check your token balance

• total_supply — Check the total supply (= total funded amount)

• burn — Redeem tokens (used internally during withdrawals)

Earning Yield

How Yield Accumulates

As the borrower makes repayments, a portion (based on the split ratio) flows into the EMI pool. This pool holds the yield available to investors.

Claiming Yield

Call claim_yield(investor) to claim your share:

$$\text{claimable} = \frac{\text{your\_balance}}{\text{total\_supply}} \times \text{emi\_pool} - \text{already\_claimed}$$

• You can claim at any time during the Active or FullyRepaid phases

• Claims are cumulative — you receive the difference between your total entitlement and what you've already claimed

• You don't need to claim after every payment — yield accumulates

Example

Parameter	Value
Vault principal	100,000 USDC
Your deposit	25,000 USDC
Your share	25%
Total EMI pool (after 6 payments)	20,000 USDC
Your entitlement	5,000 USDC
Already claimed	2,000 USDC
Claimable now	3,000 USDC

Monitoring Your Investment

Track your vault's performance using query functions:

Function	What It Shows
get_config()	Vault terms and current phase
get_investor_deposit(investor)	Your deposit amount
get_claimable(investor)	Available yield to claim
balance(account)	Your debt token balance
get_payments_made()	How many payments the borrower has made
get_outstanding()	Remaining principal
get_next_due()	Next payment due date
get_missed_payments()	Consecutive missed payments
get_emi_pool()	Total accumulated yield pool
get_late_fees()	Accumulated late fees

Risk Awareness

What Protects You

• Manager collateral — The Pool Manager stakes their own capital, which is slashed on default

• Delinquency tracking — Managers with defaults are blocked from new vaults

• Credit limits — Cap each manager's total exposure

• Grace period — Time buffer before default (default 30 days)

• Permissionless default trigger — Anyone can trigger default, preventing collusion

• Funding/approval deadlines — Prevent indefinite capital lock-up

What to Watch For

• Missed payments — Check get_missed_payments() regularly

• Late fees — Rising late fees signal borrower distress

• Phase changes — Monitor for transitions to Renegotiation or Defaulted

Lending carries risk. If the borrower defaults, the Pool Manager's collateral provides partial recovery, but it may not cover your full deposit. Evaluate each vault's terms and Pool Manager track record carefully before investing.