Trade Dollar at a glance
The key terms in one place. Each row points to the page with the full detail.
| Item | Detail |
|---|---|
| What it is | An on-chain vault that finances real-world commodity trade and passes the yield to its liquidity providers (LPs). See What Trade Dollar is. |
| Chain and standard | Ethereum mainnet, ERC-4626 tokenized vault standard with ERC-7540 asynchronous withdrawal flows. |
| Deposit asset | A major stablecoin, USDT or USDC. Each vault shows its accepted deposit token. |
| What you receive | A vault share token, your share of the vault's Net Asset Value (NAV). |
| Target net yield | 8% to 12% per year (APY). This is a target, not a promise, and the actual yield varies. See The yield engine. |
| Yield source | The financing fee on real shipments of physical goods. Not crypto lending or token rewards. |
| Deal length | 30 to 90 days per trade, typically around 45. Capital recycles as trades settle. |
| NAV updates | Posted on-chain when trades settle, so the NAV initially moves in steps. Each update is verified against settlement records. See NAV, liquidity and withdrawals. |
| Withdrawals | Request at any time. A first-in, first-out queue, paid from the liquid buffer first, then from maturing trades. The normal window is 30 to 90 days, longer under stress. See NAV, liquidity and withdrawals. |
| Minimum deposit | None. Verification is required before you can deposit. |
| Access | Verified whitelist. Not open in restricted jurisdictions; the binding list is in the Terms. See Access: who can join and how. |
| Fees | A single performance fee on realized yield, shared by Trade Dollar and the Curator. If the vault earns nothing, no fee is taken. Expected range 10% to 20% of realized yield; the actual rate is set at launch and shown in the vault. See Fees and the yield waterfall. |
| Risk management | The vault advances less than the goods are worth, the financing vehicle holds legal title to the goods, and every metals parcel carries cargo insurance in excess of cargo value (currently 110%), placed with an A-rated insurer in a leading market, with the financing vehicle as the named loss payee. See Risks. |
| Curator | A professional Curator selects and deploys deals within a risk framework set by the Risk Committee, and verifies each NAV update. Named at launch. See Curator, Risk Committee, and who can change what. |
| Governance | The Risk Committee sets the risk framework, the Curator executes within it, and Trade Dollar holds the platform controls. No single party does all three. See Curator, Risk Committee, and who can change what. |
| Security | ERC-4626 and ERC-7540 contracts, an independent third-party smart-contract audit planned before mainnet, and a multi-day time delay (timelock) on critical changes. See Security and audits. |
| Transparency | The Glass Box: verify positions, deal stages, and every NAV update on-chain. Verification does not remove investment risk. See Transparency. |
| Trade documents | Digital Warehouse Receipts are issued on the Salus documentation layer, which runs on IOTA; the vault and LP accounting run on Ethereum. The two layers serve different roles. See Salus and IOTA integration. |
| Status | Pre-launch. Contract addresses, live parameters, final rates, and audit reports are published at launch. |
The most important things to know
The table gives you the terms. These are the points that deserve a full read before you deposit:
- The yield is a target, not a promise. The 8% to 12% net range depends on deal flow, utilization, and settlement timing. It will vary, and it is not guaranteed. → The yield engine
- It funds goods, not borrowers. If a counterparty does not pay, recovery runs through selling the goods and claiming insurance, not a borrower's solvency. This lowers credit risk; it does not remove counterparty risk. → The non-credit model: default and recovery
- Withdrawals are not instant. Redemptions queue first-in, first-out and normally settle within the 30 to 90 day deal length, longer when markets are under stress. → NAV, liquidity and withdrawals
- Transparency does not remove risk. You can verify where your capital is at any time. That does not remove the risk of loss. → Transparency
- No smart contract is ever fully safe. Audit, standards, and timelocks reduce the risk; they do not eliminate it. → Security and audits