> For the complete documentation index, see [llms.txt](https://docs.syndromics.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.syndromics.xyz/roadmap/phases.md). # What is live and what is next Syndromics launched with a deliberately guarded scope: the most liquid collateral, conservative LTVs, a visible cap on every token and a public risk page from day one. Each expansion below opens only when the liquidation and repayment record from the previous stage supports it. ## Live today | Area | What is live | | ------------- | --------------------------------------------------------------------------------------------------------------------------------------------------- | | Markets | Tier A (index and mega-cap) and Tier B (large-cap single name) Stock Tokens against USDG on Robinhood Chain | | Loan terms | Fixed rate, fixed term at 7, 14, 30 or 90 days, syndicated across any number of lenders | | Order book | Standing and targeted EIP-712 offers, gasless to sign and cancel; public and exportable | | Lifecycle | Repayment and partial repayment, top-up, refinance auctions at maturity, Dutch-auction liquidation with in-kind and closed-market options | | Idle capital | Opt-in parking of unmatched lender capital in a whitelisted Morpho USDG vault with just-in-time withdrawal at settlement | | Risk controls | Session-aware haircuts, bounded closed-market floors, sequencer-outage grace, oracle move caps and corporate-action pauses, per-token exposure caps | | Participants | Professional lenders and verified business and professional borrowers in eligible jurisdictions | | Transparency | Loan explorer, risk page, oracle status, governance log, open-source contracts and services | ## Next | Expansion | What it adds | Gate | | ------------------------------ | ---------------------------------------------------------------------------------------------------------------------------------- | --------------------------------------------------------------- | | Tier C long tail | Every Stock Token with a live Chainlink feed, opened market by market; lenders opt in per token | DEX depth and auction performance on Tier A and B | | Tier D negotiated loans | Bilateral loans against tokens without a live oracle, professional lenders only, maturity default only | Professional demand and legal review per token | | Senior and junior slices | Opt-in tranching inside a syndicate (Centrifuge DROP/TIN pattern) | Separate audit of the waterfall | | Tokenized treasuries and funds | Bridged NAV-priced collateral (USDY, BUIDL-class, JTRSY) at 85% to 92% LTV as isolated markets | Bridge liquidity and issuer allowlisting of the escrow | | Retail lenders | `LENDER_RETAIL` role, enabled jurisdiction by jurisdiction | Licensing route per jurisdiction | | Position NFT secondary market | Transfer of slices between eligible lenders through the platform | Eligibility-gated transfer is already enforced on-chain | | Governance module | Parameter control moves from the foundation multisig to an on-chain module that preserves the timelock and the repayment guarantee | Design review and audit | | Additional settlement assets | USDe or USDC markets alongside USDG | Bridged liquidity confirmed and an idle-capital vault available | ## How caps grow Every collateral token carries a dollar exposure cap. Caps are raised through the timelock, with the rationale and the supporting data (realised auction prices against oracle, DEX depth, repayment history) published in the governance log. See [Collateral tiers](/collateral-and-assets/collateral-tiers.md) and [Parameter governance](/transparency/governance.md). ## Go-to-market * **Supply side.** Professional lenders (credit funds, market makers, family offices active on Robinhood Chain and Morpho) keep standing offers across Tier A and B tokens so borrowers always see a live book. * **Demand side.** Stock Token holders who want USDG liquidity without selling, starting with the chain's own DEX traders. * **Distribution.** Robinhood Wallet dApp listing, the Arbitrum and Chainlink builder programmes, and co-marketing with Paxos and USDG. --- # Agent Instructions This documentation is published with GitBook. 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