The Problem We Solve
The Yield vs. Liquidity Trade-off
Today, institutions and capital allocators are forced into an impossible choice:
Hold Liquidity (USDC/USDT)
Instant access to capital
0% yield, inflationary loss
Pursue Yield (Vaults, RWAs)
Returns on capital
Liquidity, flexibility, time
The result: Capital sits fragmented across siloed ecosystems. Every current yield solution—Ethena, Midas, Morpho—operates as an isolated island. To move capital from Strategy A to Strategy B, you must:
Exit to cash
Wait for settlement (2-7 days for RWAs)
Swap assets on a DEX (pay slippage)
Re-enter the new strategy
This is inefficient money.
Why Existing Solutions Fall Short
White-Label Issuers (Ethena, Paxos, M0)
Fragmented Liquidity. Each issuer creates a siloed ecosystem. Capital cannot flow freely between them.
Unified Liquidity. All strategies share one settlement rail.
Yield Vaults (Morpho, Midas)
Illiquid Receipts. Tokens are just "receipts" for a deposit. You can't spend them or swap them instantly.
Liquid Money. Strategy shares can be swapped instantly (T+0).
Traditional RWAs (BUIDL, Acred)
Access Barriers. $250K minimum redemptions, $5M minimum investments, KYC requirements.
Permissionless Access. Participate in institutional yields without barriers.
The Foundation Solution
Foundation separates the Accounting Layer from the Yield Layer.
By building all strategies on top of a shared base asset (USD') and a unified accounting engine, we create a "monetary network" where capital flows freely:
What this enables:
Earn Institutional Yield — Access RWAs, delta-neutral strategies, and optimized lending
Rebalance Instantly — Move capital between strategies in one atomic transaction
Retain Full Liquidity — No exit queues or "cash drag" when switching positions
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