When borrowers cannot pay, Reassurance does.
The first on-chain structured credit layer for XRPL lending. Three risk tranches. Market-priced premiums. A live default waterfall you can watch settle in real time.
100,000 RUSD
Reassurance Pool
3
Active Brokers
65.0%
Starting Utilisation
11.8%
Degen APY
The problem with lending today
First-loss capital is single-broker
XLS-66 requires each broker to post their own first-loss capital. That sounds responsible until you realise there is no shared safety net. If a broker is undercapitalised, depositors carry the residual risk alone.
One shock can wipe out a generation of savers
Climate events, sector defaults, regional crises. When correlated losses hit, isolated broker reserves are not enough. The depositors who trusted the system pay the price.
Reassurance changes the answer.
A shared protection pool that absorbs loss through structured tranches, so no single depositor bears the full weight of a default.
How it works
Brokers join the protection pool
Each broker deposits first-loss capital and receives leveraged coverage (k multiplied). Their deposits flow into the Reassurance Vault, creating a shared safety net that is larger than any single broker could build alone.
Risk capital flows into tranches
External investors buy into three tranches: Degen (highest yield, first loss), Staker (balanced), and Institutional (lowest yield, safest). Each position is represented as an MPT token tradeable on the XRPL DEX.
A default triggers the waterfall
When a loan defaults, losses are absorbed in strict order. First the broker's own first-loss capital. Then the Degen tranche, then Staker, then Institutional. Depositors are protected until all tranches are exhausted.
Who is it for?
Depositors
Choose your protection level. Standard deposits earn full yield. Protected deposits pay a small premium and get covered by the Reassurance Vault if loans default.
Loan Brokers
Post first-loss capital and receive k-times leveraged coverage from the shared pool. Better capitalisation means you can underwrite more loans with confidence.
Borrowers
Borrow from pools backed by structured protection. Better capitalised lending pools mean more available credit and more stable terms, even during market stress.
Tranche Investors
Pick your risk appetite. Degen for high yield and first loss exposure. Staker for a balanced position. Institutional for lower yield with maximum safety.
The three tranches
Each tranche represents a different position in the loss waterfall. Higher yield means you absorb losses first. Lower yield means you are protected longer.
Degen
D-MPT11.8%
Annual yield at 65% utilisation
Maximum yield for maximum risk. Degen tranche holders absorb losses before anyone else. Suited for risk-tolerant investors who believe the pool is well managed.
Staker
S-MPT8.2%
Annual yield at 65% utilisation
A balanced position in the middle of the waterfall. Moderate yield with protection from the Degen tranche below. The workhorse of the capital stack.
Institutional
I-MPT5.3%
Annual yield at 65% utilisation
The safest position in the protocol. Lower yield but losses only reach this tranche after Degen and Staker are fully depleted. Designed for conservative capital.
100,000 RUSD
RV Total
65.0%
Utilisation
155,000 RUSD
LV Total
11.8%
Degen APY
8.2%
Staker APY
5.3%
Inst APY
3
Active Brokers
Ready to see the waterfall?
Connect your wallet and watch a live climate shock default settle on-chain.
Running on XRPL Devnet. No real funds involved.