Manifesto

Zipcode Principles:

Zipcode holds the following principles:

1. The Zipcode Network pays USDC depositors to pool capital.
2. Each line of credit is collateralized by a lien, held in SPV custody with a repurchase agreement.
3. All liens must meet secondary market underwriting qualifications.
4. The loan is paid off incrementally within 90 days, or Zipcode claims the lien.
5. Yields flow back into the Zipcode Network through programmatic buybacks.

We’ve learned from the mistakes of others, so that we can avoid their suffering, and build a more robust private credit protocol.