Earn

Earn with Spine

Spine Credit Vaults provide a streamlined infrastructure for earning fixed-rate yield. Each Vault accepts a single deposit asset and allocates capital across a curated set of fixed-rate credit books, giving users diversified exposure within a clearly defined maturity structure. Risk is governed through transparent parameters and built-in safeguards, ensuring that depositors do not need to manage individual lending positions or monitor markets in real time. Users maintain full ownership of their funds and can review Vault activity or withdraw liquidity anytime.

Every Vault is managed by a curator. They establish collateral eligibility, maturity configurations, and stratgies for how capital is deployed across credit books. Credit Vaults are designed for users who want stable returns through a professionally governed structure without the operational complexity of managing lending positions themselves.

Watch our video to see how simple it is to lend through Spine: EARNING GUIDE.

How do Spine Vaults work?

When you deposit into Spine infrastructure:

• Lenders deposits into one unified credit engine (Central Credit Vault) which serves as the single source of liquidity for the entire fixed-rate credit system.

• The Vault Curator allocates this capital into specific credit books. Each credit book has its own maturity, fixed rate, and capacity.

• At maturity, borrowers repay principal plus fixed interest. All repayments flow back into the Central Credit Vault and are distributed proportionally to depositors.

• Curators will deploy idle liquidity to external variable-rate lending protocols to ensure liquidity optimization and additional yield for lenders.

Earners will earn yield from a combination of the yield generated by the idle liquidity being resupplied into other yield-bearing products and the fixed interest rates paid by borrowers, in addition to the fees including transaction fees, early exit penalty fees, and liquidation fees.

Withdrawals: Spine infrastructure allows users to exit their earn position before the maturity at the market rate. This mean that users can incur a loss or profits from their initial position based on the difference between market rates and the rate users entered their lending positions.

If you choose to exit your position before the maturity date, a small fee will be applied. This fee is designed to compensate for the early termination of the lending agreement. You will receive a notification confirming the details of the maturity before final transation. No fee is applied at maturity.

Risk Management

Users should evaluate the curator and the vault before depositing funds. Spine Credit Vaults include built-in transparency and risk protections such as publicly visible parameters, time-locked updates, and strict limits on curator permissions.

Curators cannot withdraw or access depositors' funds. They may adjust lending terms such as available maturities or rate configurations, but changes to collateral eligibility and risk thresholds (including LTVs) are subject to market conditions.

Spine’s Credit Vault architecture is designed with clear risk boundaries and strong operational controls to maintain the safety and integrity of depositors' funds.