Protocol overview - Shores

Background

Shores brings real property lending onchain without moving the loans onchain. Loans are originated, documented and serviced offchain under local law. Deposits, the vault token (shUSD), staking and yield distribution live onchain on Robinhood Chain.

Components

Component	What it does
Vault (one per cell)	Issues shUSD. Verified-only minting at 1.00 at launch, then at NAV. No redemption function
Permission manager	Controls which addresses can mint and stake
Staking contract	Tracks staked shUSD with time-weighted accounting and credits the monthly yield
NAV and reporting	Updates value per token from the offchain loan book
Points	Calculated offchain and claimed onchain

Read next

⌘I