Risks mitigation

At Credix, we've deployed various strategies/design choices to keep the platform operational in case of disaster scenarios and to mitigate blockchain/stable-coin risks.

Only whitelisted parties allowed

On-chain interactions are only possible by parties who go through KYC/B + accreditation. This is enforced on a smart-contract level by on-chain whitelisting (on the environment level).

Segregated on-chain environment per pool/deal

A new, on-chain environment will be set up for this deal. Only whitelisted parties, specifically for a pool/deal, will be able to interact with the pool/deal.

Eliminating the need for web3 wallets & custody

Smart contract-owned wallets eliminate the need and overhead of operating a web3 wallet + custody. (tranche) tokens are only used on-chain for accounting reasons; settlement happens directly on the exchange of choice

Short-lived USDC exposure

End-to-end transaction processing automation by leveraging smart contract-owned wallets and sub-second confirmation times on Solana reduces USDC exposure to minutes.

Off-chain data lake for disaster continuity

We record every on-chain transaction with the Credix smart contracts and store this information in a database. Not only does this data power (historical) monitoring and reporting; but it can also be used to move settlement flows off-chain in the unlikely event of a Solana outage. Using and updating the off-chain data and calculations, we can settle using fiat rails or through Circle.