Trade without trusting banks
SBLC pricing was set in a bank-rate era; the spread shouldn't keep paying counterparty risk premiums on every shipment. Trade Finance replaces the SBLC stack with a smart-contract escrow plus an oracle network attesting to delivery.
The trade
Standby Letters of Credit are priced 1–3% per year for what is functionally a delivery-or-default insurance product. Trade Finance reframes this as a one-time 1.7% fee against a 4-of-5 oracle consensus on physical delivery, collateralized in MXD and settled in seconds.
Mechanics
- Collateral: MXD held in escrow until delivery oracle attestation
- Oracle consensus: 4-of-5 attestations from accredited validators
- Fee: 1.7% one-time on contract notional
- Dispute: 7-day challenge window with on-chain arbitration
Status
Planned. Blocked on Asset Validator mainnet release (the delivery oracle leg).
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