Passive yield

Set it and forget it.

Deposit ETH once. Yield accrues automatically from borrower fees. No staking, no claiming, no lockups. Withdraw anytime.

Prefer to earn without depositing? Hold the Pawcket token and receive 70% of every fee. Holder rewards

What you earn
TierBorrower feePool share
Express · 2d3%0.3%
Quick · 3d2%0.2%
Standard · 7d1.5%0.15%
Stock Express · 7d2.5%0.25%
Stock Quick · 15d3.5%0.35%
Stock Standard · 30d5%0.5%

Pool share = 10% of the borrower fee, credited to the pool the moment the loan funds.

0 ETHpool deposits · 0% lent out
1.0000ETH per share · started at 1.0000
0 ETHfees kept for lenders, lifetime
0 ETHyour position
What lenders earn. 10% of every origination and extension fee stays in the pool the moment a loan funds, so the share price rises on each loan. Gross APR if the whole pool were lent on one tier, all year:Meme Express · 55%Meme Quick · 24%Meme Standard · 8%Stock Express · 13%Stock Quick · 9%Stock Standard · 6%Real yield scales with utilization (0% right now) and drops when a default is written off before the seized collateral is sold. No lockups: withdraw any ETH that is not lent out.
How it works

Deposit, earn, withdraw.

Deposit

Send ETH to the lending pool in one transaction and receive pool shares.

Earn

Borrowers pay fees that stay in the pool, so every share is worth more ETH after each loan.

Withdraw

Pull out your ETH plus the earned yield any time it is not lent out.

No lockup

Withdraw any time, subject to the ETH that is not currently on loan.

Paid in ETH

Accrues on every loan that opens. Defaults are recovered from the seized collateral before anything else.

Permissionless

No claim step. The share value grows automatically and the pool is a public contract.

Put idle ETH to work.

Fund fixed term loans against screened collateral and keep a cut of every fee.