TLDR Tech / Crypto
3Jane Pivots to Fintech Credit Conduits
3Jane Protocol's V1 direct cryptonative credit operation originated ~$8M across 60 US yield farmers at 376 basis points over Aave borrow rates, with zero defaults and 100% monthly payment rate after seven months. V2 introduces Fintech Credit Conduits structured as warehouse loans, participations, and forward-flow agreements targeting pre-seed to Series C originators with $5M-$200M loan portfolios across SMB term loans, BNPL, and revenue-based financing. Three anchor fintech originators are closing against a $60M initial capacity target, with USD3 (senior tranche) priced at SOFR + 400-600 bps and sUSD3 (junior) targeting high teens to low 20s APY. The expansion leaves 3Jane as an onchain conduit providing smaller fintechs securitization-like economics in the alternative lending market, projected to grow from $71.6B in annual disbursements in 2026 to $105.3B by 2029.
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