Concrete is an appchain purpose built for on-chain debt and credit. Concrete powers higher yields, liquidation protection, and advanced predictions across all of DeFi, starting with money markets.
At launch, Concrete will serve users across money markets such as Aave, Compound, Silo, and Radiant, regularly adding both established and emerging lenders. Concrete will also work with adjacent verticals such as perpetual DEXs and NFT finance.
Concrete uses a series of quantitative methodologies to power its Probability Engine, which calculates and generates unique protection agreements which protect users from liquidation. Modular by design, the Probability Engine can be accessed through the appchain or embedded directly into partner protocols through the upcoming SDK.
The Probability Engine is the heartbeat of Concrete and these protection policies are issued as contracts that facilitate the automatic distribution of credit during market volatility - protecting user assets from liquidation.
Concrete is deployed as a hub and spoke model to seamlessly integrate with new chains and lenders across EVM, SVM, and Move VM environments. The Probability Engine and Concrete hub is hosted on Concrete’s appchain and utilizes LayerZero messaging to issue and manage protection products across the connected spoke chains. Beyond liquidation protection, users can leverage Concrete for the highest risk-adjusted yields in DeFi using Concrete’s aggregator that programmatically allocates deposited liquidity in Concrete to the highest yield pools across DeFi and uses idle liquidity to fund short term liquidation protections. Dramatically boosting rates of return.
At scale, Concrete is a new foundation for on-chain finance - becoming the basis for a new class of credit, debt, and structured products, capturing the next phase of growth for crypto.
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We are a globally distributed team of quantitatively minded builders deeply passionate about advancing the state of on-chain finance and have worked across both traditional finance and crypto - hailing from Point72, Morgan Stanley, Galaxy Digital, Caxton, Tala, Polkadot, Eco, and more.
We are backed by leading investment firms including Tribe Capital, Hashed, Lightshift, SALT, Portal Ventures, Veris Ventures, Avalanche, Kronos Research and more.