When you fund a loan, you receive a claim on the borrower’s repayments. As they repay each instalment, your principal and interest accrue in USDC on‑chain. At maturity you’ve earned back your stake plus high‑yield interest.

Backstop supports a growing list of categories including automotive parts, consumer electronics, gaming consoles and smartphones. Each item is a tangible asset that can be repossessed in case of default.

We use proprietary underwriting that combines credit data, purchase intent and on‑chain indicators to produce a risk score. Higher‑risk loans offer higher yields. Investors can choose which loans to fund based on this transparent score.

Every loan is collateralized by a real‑world item. In the rare event of non‑payment, Backstop repossesses or liquidates the product. Proceeds, along with our default reserve, are used to cover investor losses.

The production version runs on Solana for its speed and low fees. USDC transactions, loan NFTs and buybacks all occur natively on Solana.