Tokenomics (Directional)

Tokenomics and governance are designed to support durable credit operations, not short-term incentive extraction.

Current status

• There is no live attn token today.
• Token design, if introduced, is TBD.
• Governance implementation details are TBD.

1. Core principles

• prioritize solvency and servicing reliability,
• align incentives with long-term facility performance,
• keep lane-level risk accountability explicit,
• maintain transparent reporting standards.

2. LP economics

LP returns come from managed credit pool performance, including:

• facility fees and spreads,
• utilization and servicing behavior,
• realized losses and recoveries,
• reserve and policy decisions.

3. Governance scope

Governance should control:

• pool-level cap frameworks,
• parameter bands for borrowing-base and trigger logic,
• reserve and loss-allocation policy,
• reporting and incident-discipline standards.

4. Lane-aware policy

• Pump lane: higher-yield credit pool with tighter caps and stricter fast-response controls.
• Settlement lane: conservative credit pool with institutional reporting and underwriting constraints.

Early phases keep credit pools separated and non-commingled.

5. Long-term direction

As track record grows, governance can evaluate:

• controlled expansion of facility types,
• broader LP access modes,
• allocator frameworks across proven credit pools.