Overview

0x71C…9A42Allow-listed
Each Senior Note Unit launches at $1.00, accrues a daily ACV (indicative reference value) as underlying loans pay interest, and exits two ways — sell on the secondary order book, or request a weekly redemption sized by lender-approved release capacity. Read the full explainer →

Investor terminal data

Local Alpha read and preview surface. Remaining trading widget mocks are documented separately.

Total Position Value
$427,750
Across 3 pools
Available Balance
$250.0k USDCx
Reserved $50.0k
Indicative ACV Change
+0.12%
24h vs prior reference
Open Orders
1
1 secondary

Accrued yield and redemption

Accrued yield (ACV)
Block-by-block

On primary, each senior note unit is minted to your wallet at $1.00 at settlement. Your per-unit Accrued Claim Value (ACV) starts at 1.0000 from that block and accrues as underlying receivables generate interest. ACV is indicative; the Official Redemption Amount is fixed at each settlement date.

At subscription
$1.0000
Current ACV
$1.0080
Since subscription
+0.80%
Two exit paths
Investor choice

Sell into the secondary order book at any premium or discount to ACV. If the book cannot clear, trigger managed redemption and receive weekly lender-approved release capacity pro-rata until fully paid.

SecondaryInstant · price-discovered
RedemptionWeekly · approved release
Status report: paid principal + ACV
Next valuation
2026-06-27 09:00 UTC
Official redemption amounts determined at settlement date
Total volume (24h)
$4.6M
Primary subscriptions + secondary limit fills
Reporting status
Live
All active pools reconciled within last 2 hours