loomLaunch app

Deposit once. Mint whenever.

A stablecoin yield layer on Base. Deposits keep earning at blue-chip venues; mint LUME against them at up to 80% LTV. No unwinding, no liquidations.

Launch appHow it works
—%
Supply APR · Aave V3 · Ethereum
—
sLUME APR · measuring
USDCUSDTDAIUSDeGHO
Why loom

A layer 2 for DeFi.

Deposits route in full; the receipt is what you mint against.

01 · deposit
collateral · supplied to Aave, earning$1,000
minted against it340 LUME
34% LTVmax 80%
Illustrative figures.

Minted positions pay the yield on the minted share; stakers earn all of it.

02 · stake
staking yield · minter-funded
100%
sourcethe charge on minted positions
schedulereleased linearly
paid tostaked LUME only
emissions · points · protocol ratenone
forward ratenone

The position is an ERC-721 receipt with a built-in secondary market.

03 · receipts
RECEIPT · Nº 001deposit$1,000 + earningsminted800 LUMEat redemption$1,000 + earningsT+2
secondary marketsells whole
or close itT+2 · LUME returned §

How it works

Move the mint ratio.

Try it · no wallet
How much to mint as LUME0%of 80% max LTV
Your deposit$1,000
Minted as LUMEnothing
At redemption$1,000+ earnings
RECEIPT · Nº 001deposit$1,000 + earningsmintednothingunlocksin 2 daysat redemption$1,000 + earningsT+2

An ERC-721 — hold, mint against, sell, or close.

Open the app

Deposit · Mint · Exit

  1. 01 · Deposit
    RECEIPT · Nº 001deposit$1,000 + earningsmintednothingunlocksT+2at redemption$1,000 + earnings

    Routes in full; the receipt is transferable.

  2. 02 · Mint
    RECEIPT · Nº 001deposit$1,000 + earningsminted800 LUMEunlocksT+2at redemption$1,000 + earnings
  3. 03 · Exit
    RECEIPT · Nº 001returned800 LUMEreceived$1,000 + earningsCLOSED

    Sell it, or redeem after T+2.

Figures illustrative.

Markets

VenuesAave V3lending poolEthena sUSDesavings vaultAave sGHOsavings vault
MarketRate
USDCAave V3 · Ethereum—Deposit
USDTAave V3 · Ethereum—at mainnet
DAIAave V3 · Ethereum—at mainnet
USDeEthena sUSDe · Ethereum—at mainnet
GHOAave sGHO · Ethereum—at mainnet
Security

No oracles.
No liquidations.

§ opens the enforcing contract.

Parameters
Liquidation enginenone in the codebase§
Price oraclenone — no price to attack§
What minting coststhe yield on the minted share§
Charge sourceyield only, never principal§
Max LTV80% of live net value — registry hard cap 90%§
Withdrawal delayT+2 days — registry hard cap 30 days§
All 16 parameters→
Collectionpermissionless — anyone may settle any receipt's charge§
Repaymentpermissionless — repayment is never blocked§
Past the LTV capreported by healthOf and emitted — nothing is liquidated§
Coupon schedulebanked when collected, released linearly over its accrual — 24h floor, 30d cap§
Exit feesnone — a receipt's value is already net of what it owes§
Charge destinationthe treasury holds the collected shares directly§
Parameter changesraises wait 48h; only de-risking — lowering a dial, disabling a market — lands same-block§
Marketplace fee0 today — owner-settable, cap 5%§
Venue migrationssame-block only to the refuge — anywhere else waits 48h§
Migration loss budget30 bps rolling over 365 days, 10 bps per hop§
Custody trail — every hop is a contract
Youhold the receiptVaultholds the sharesAaveV3Adapterroutes depositsAave V3 Poolearns the rate
Owner
testnet: the deploy key — mainnet ships a Safe multisig
Venue migrations
48h announcement — same-block only to the refuge
Oracles
none, in any market
Audit
mechanism frozen; mainnet after independent audit

8,638 lines · 13 contracts · 684 test functions · counted from the tree, not typed

Full ledger & addresses →

FAQ

Is minting required?

No. Zero is the default, and a zero-mint deposit is a complete position. Minting is a separate decision, available later or never.

What is returned at redemption?

The collateral at its live value, less only what the position already owes. A receipt's value is already net — the charge is settled in shares as it accrues, never at exit — so nothing further is subtracted. Minted LUME is returned and burned.

Can positions be liquidated?

No. The debt is dollars against dollars, so there is no price between them to move. No oracle and no liquidation engine exist in the codebase — the § links open every deployed contract, so the absence is checkable on-chain.

What does minting cost?

The yield earned by the share of collateral the mint occupies — measured on your own position, not a rate applied to it. Never principal, and no performance fee.

How long does exit take?

T+2 to redeem, or sell the position on the secondary market and the unlock passes to the buyer. USDe exits in kind, delivering sUSDe.

Put your stablecoins to work.

Launch app