🛣️The Secret Masterplan

Asgard's ambitious vision is to create a Credit Layer that makes general purpose credit accessible for anyone using DeFi. Here is how we plan to do it:

1. Launch Asgard's Credit Synthesizer -> offers undercollateralized credit on overcollateralized lending protocols like Marginfi, Kamino, Solend.

2. Launch Asgard's Prime Brokerage -> expand undercollateralized credit to selected DeFi Protocols.

3. Launch Asgard's Universal Credit Layer -> expand undercollateralized credit to all of DeFi.

---

Phase 1: Asgard's Credit Synthesizer

Goal to achieve: Kickstart network effects on the Asgard brand by offering undercollateralized credit on existing overcollateralized lending protocols. Attract borrowers and lenders to the platform.

Key Points:

• Introduce Credit Accounts interfacing with Overcollateralized Lending Protocols like Marginfi, Kamino, Solend, Bridgesplit, Rain.fi, Texture.fi

• Help borrowers to create undercollateralized positions on the above protocols through Credit Accounts.

• Integrate Credit Accounts inside a professional trading terminal like Hyperliquid/Jupiter Perps.

• Leverage $2B liquidity aggregated under 1 interface + battle tested risk engines.

• Build distribution by getting in front of lending protocol customers.

In-depth read on theory, architecture, use-cases etc are here -> Phase1: Credit Synthesizer.

---

Phase 2: Asgard's Prime Brokerage

Goal to achieve: expand undercollateralized credit to selected tokens & DeFi protocols.

Key points:

• Create Prime Brokerage Protocol.

  • Lenders deposit assets to earn passive yield.

  • Borrowers can borrow under a defined boundary for undercollateralized credit access.

    • Implement "borrowing in a bubble" with algorithmic security.

    • Borrower can't default since Credit Account won't let them.

    • Establish whitelists for allowed programs.

  • Develop comprehensive risk assessment for whitelisted protocols.

• Borrowers get

  • 10x credit to margin Trade on $2B Solana's DEX liquidity

  • 10x credit to farm LST's/LRT's/Interest Rate Differentials/JLP & FLP yields.

In-depth read on theory, architecture, use=cases etc are here -> Phase 2: Prime Brokerage

---

Phase 3: Asgard's Universal Credit Layer

Goal to achieve: expand undercollateralized credit to all of defi.

Key Points:

• Expand Asgard's risk engine to map risk for most DeFi protocols.

• Incorporate on-chain and off-chain methods to build a credit score.

  • On-chain: something similar to Degenscore which unlocks higher LTV's, more risks for Credit Accounts that take responsible leverage.

  • Off-chain: KYC borrows so recourse happens in the real world.

    • Offer credit infrastructure to traditional investment companies so they can run their shop by having access to global liquidity while doing KYC borrows (think Maple Finance).