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Copra Finance

Copra Finance is a crypto/DeFi protocol that serves as a debt layer for the cryptoeconomy, enabling on-chain entities to issue and speculate on on-chain debts.
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Description

Copra Finance positions itself as the debt layer of the cryptoeconomy, allowing on-chain entities to issue debt to raise liquidity and allowing others to speculate on that debt. It serves issuers such as protocols looking to grow TVL without excessive token emissions, fund managers seeking predictable leverage for customized portfolios, and AVS (actively validated services) looking to bootstrap cryptoeconomic security with minimal stakeholder dilution. On the depositor side, it offers principal-protected fixed returns, certainty in yields, a buffer against drawdown risks found in complex yield strategies, and derivatives modules to hedge or speculate on interest rates and credit risk. The protocol emphasizes security, noting it has been audited, and describes itself as building a new on-chain debt economy.