Capital Stack

TLDR:

• The USD.infra Vault aggregates capital, routes it into AI infrastructure deals, tracks yield and accounting, and makes sUSD.infra usable across DeFi.

What backs the Vault

The USD.infra Vault is backed by:

• AI infrastructure and project economics financed through project SPVs;

• Contracted revenue and other AI infrastructure cashflows flowing into the revenue pool; and/or

• Contractual rights, receivables, and deal-specific protections embedded in SPV structures.

Why the Vault exists

The USD.infra Vault is the interface that makes the entire operation scalable.

• Capital formation: Aggregates capital and deploys it across proven AI infrastructure deal types.

• Yield accounting: Provides a clear structure for distributions, fees, and exchange rate.

• DeFi composability: Makes sUSD.infra liquid, transferable, and usable across supported DeFi venues.

• Operational clarity: Gives users a clean interface for understanding where capital is deployed and how value flows back.

USD.infra Vault use cases

• Eligible participation: on-chain users can participate in Vault performance through sUSD.infra, subject to eligibility and transfer restrictions.

• Capital routing: the Vault funds defined, contracted projects across multiple SPVs and deal types, including apartment buildings, ISP acquisitions and carrier offload arrangements today, with compute infrastructure as an expansion area.

Vault Infrastructure

The USD.infra Vault architecture is implemented on Solana and is designed to handle:

• Minting, burning, and accounting for USD.infra and sUSD.infra;

• Programmatic yield distributions based on explicit rules; and

• Capital routed to defined, contracted projects across supported deal types.

The USD.infra Vault contracts and redemption mechanics are being rolled out in phases. The redemption design includes immediate exchange-rate redemptions from the liquidity sleeve, dynamic exit fees, a minimum liquidity floor, circuit breakers, and queue-based processing when the floor is reached (see Liquidity and Redemptions).