Pool
Pool turns receivables-backed credit into programmable principal and income. A supplier delivers today but gets paid weeks later. Pool lets financiers borrow against an attested receivables portfolio, while investors fund the lending and choose how to hold their exposure.
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Pool turns a receivables-backed lending position into separately transferable principal and future income.
A supplier finishes a job today and gets paid weeks later. A financier can pay that supplier early and acquire the invoice—but then the financier’s own capital is tied up. Pool lets the financier borrow against an attested portfolio, releasing working capital before those invoices settle.
Investors supply funds through a lending vault connected to Morpho and receive pCREDIT shares. They can hold those shares or use Pendle’s tokenisation mechanics to split the position into principal tokens (PT) and yield tokens (YT). A lender can then sell future income while retaining the principal component. Signed bids settle purchases atomically against an actual funded counterparty.
When invoice payments arrive, the operator records collections and routes the funds into debt repayment. The portfolio evidence, attestation, lending position and transactions remain inspectable.
Our Arbitrum Sepolia demo implements portfolio admission, lending, borrowing, PT/YT splitting, paid secondary trades and collection-driven repayment. It uses synthetic receivables, test dollars and Pool-operated deployments of Morpho and Pendle contracts. Real-world underwriting, legal assignment and payment-data integrations remain future work.