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MetaStreet

Overview

MetaStreet is an onchain structured credit market for illiquid assets that allows lenders to pool capital without relying on centralized oracles or third parties to define their specific risk tolerances. This permissionless design allows for complete longtail coverage - anyone can create any pool to lend any ERC20 to any collateral asset.

After depositing, lenders mint derivative tokens that represent their position in the pool, allowing for secondary market trading of debt positions.

Check out this ELI5 for a simple explanation of the protocol, and this video for an overview of secondary market mechanics.

Background

MetaStreet was one of the early pioneers of onchain tranching for illiquid assets, launching in 2021 and generating over $80M in total volume to-date, including the largest ever NFT loan. The team comes from a deep background in both tradfi (DRW, Deutsche Bank, Rockpoint) and defi (Synthetix, Balancer, Compound) and has raised over $24M in funding from prominent investors (Dragonfly, Nascent, DCG)

Integrations

MetaStreet Partners with USD.ai for DePIN Infrastructure Financing

Thu 27th Mar 2025

MetaStreet announces integration with USD.ai to provide infrastructure financing for decentralized physical infrastructure networks (DePIN). Key developments: - MetaStreet's Liquid Credit Token technology has processed over $300M in onchain lending - Partnership aims to address $500B funding gap in AI and compute infrastructure - USD.ai will offer yield-bearing synthetic dollars backed by DePIN hardware and Treasury assets Technical implementation includes: - Automated Tranche Maker (ATM) for risk-adjusted loan issuance - QEV Auctions system for automated DePIN asset liquidations The platform will enable hardware operators to access loans while depositors earn yield. Project waitlist available at [USD.ai](http://usd.ai)

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