# The Secret Masterplan

1. Launch [Asgard's Credit Synthesizer](#phase-1-asgards-credit-synthesizer) -> offers undercollateralized credit on overcollateralized lending protocols like Marginfi, Kamino, Solend. 
2. Launch [Asgard's Prime Brokerage](#phase-2-asgards-prime-brokerage) -> expand undercollateralized credit to selected DeFi Protocols. 
3. Launch [Asgard's Universal Credit Layer](#phase-3-asgards-universal-credit-layer) ->  expand undercollateralized credit to all of DeFi. 

***

### Phase 1:  Asgard's Credit Synthesizer

{% hint style="info" %}
**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. 
{% endhint %}

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.](/asgard-finance/credit-layer-for-defi/phase-1-credit-synthesizer.md)

<figure><img src="/files/A4tCnVAJPuZNBM6vQLTK" alt=""><figcaption></figcaption></figure>

***

### Phase 2:  Asgard's Prime Brokerage

{% hint style="info" %}
**Goal to achieve**: expand undercollateralized credit to selected tokens & DeFi protocols.&#x20;
{% endhint %}

\
Key points:&#x20;

* Create Prime Brokerage Protocol.
  * Lenders deposit assets to earn passive yield.&#x20;
  * Borrowers can borrow under a defined boundary for undercollateralized credit access.&#x20;
    * Implement "borrowing in a bubble" with algorithmic security.&#x20;
    * Borrower can't default since Credit Account won't let them.&#x20;
    * Establish whitelists for allowed programs.&#x20;
  * Develop comprehensive risk assessment for whitelisted protocols.&#x20;
* Borrowers get&#x20;
  * 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](/asgard-finance/credit-layer-for-defi/phase-2-prime-brokerage.md)

<figure><img src="/files/lXCp0ojyuR0DnClSRqAn" alt=""><figcaption></figcaption></figure>

***

### Phase 3:  Asgard's Universal Credit Layer

{% hint style="info" %}
**Goal to achieve**: expand undercollateralized credit to all of defi.&#x20;
{% endhint %}

**Key Points:**

* Expand Asgard's risk engine to map risk for most DeFi protocols.&#x20;
* Incorporate on-chain and off-chain methods to build a credit score.
  * On-chain: something similar to [Degenscore](https://degenscore.com/) which unlocks higher LTV's, more risks for Credit Accounts that take responsible leverage.&#x20;
  * Off-chain: KYC borrows so recourse happens in the real world.&#x20;
    * 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](https://maple.finance/)).<br>


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