How attnCredit Works (Non-Technical)

attnCredit gives onchain businesses liquidity against routed fees while enforcing repayment through automation and controls.

1. The actors

Borrower: routes eligible fees and draws from a facility.
attn operator stack: runs policy, servicing, monitoring, and controls.
LPs / capital providers: fund credit pools and receive risk-adjusted exposure.
Partners (issuer/treasury stacks): consume settlement liquidity facilities in the conservative lane.

2. Step one: route revenue into a controlled revenue account

A borrower configures fee routing so eligible revenue flows into a controlled revenue account. In v1 this is typically implemented as a Squads-managed revenue account (timelocked config + spending limits) so servicing routes are verifiable onchain.

Core purpose:

make repayment collectible,
make limits measurable,
make control actions enforceable.

3. Step two: limits are set from observed cashflows

The system computes a dynamic lendable amount using trailing revenue and risk policy.

Inputs include:

revenue continuity and volatility,
concentration,
enforceability horizon,
reserve requirements.

4. Step three: borrower draws from the facility

Borrowers can draw up to current availability, subject to lane and policy rules.

Two lane contexts:

Pump lane: tighter caps and faster throttles.
Settlement lane: conservative profile and institutional reporting expectations.

5. Step four: servicing runs continuously

Once a facility is active:

routed fees are swept to debt service,
utilization discipline is checked continuously,
limits update when risk changes.

6. Step five: utilization discipline is enforced

Borrowers cannot remain permanently maxed out.

If utilization fails policy requirements:

draw capacity tightens,
new draws can be frozen,
sweep intensity can increase.

7. Step six: stress controls activate when needed

If revenue deteriorates or risk spikes:

throttle mode reduces availability,
freeze mode stops new draws,
acceleration/default mode can route all eligible fees to repayment.

8. Step seven: LPs see credit pool exposure and tape

LPs receive exposure through credit pools (and attnUSD where applicable), with reporting on:

balances and utilization,
sweep and repayment behavior,
incidents and corrective actions,
concentration and performance by lane.

9. What this is not

Not an unsecured blank-check credit model.
Not a principal-guaranteed cash-equivalent token.
Not a single commingled risk pool in early stages.