Guide
For Capital
GITSEA is an asset class indexed on the software supply chain. Four ways to deploy: lender pools, insurance underwriting, staking, and direct repo positions. Each has its own risk surface.
What's on offer
| Surface | Yield source | Risk surface | Liquidity |
|---|---|---|---|
| Lender pools | Interest from repo credit lines | Default risk priced by grade & tranche | Per-tranche term (30–180d) |
| Insurance underwriting | Premium share, minus claim losses | Tail-risk losses on adverse events | Per-policy term (7–180d) |
| $GSEA staking | Network fees, governance rebates, sleeper pool overflow | Slashing for validator misbehavior | Epoch-aligned (7d) |
| Repo tokens | Equity in a specific repo's future cash flow | Concentration risk + single-repo failure | AMM-traded |
Lender pools
Borrowers post tokenized repos as collateral and draw against the lending curve. Lenders fund tranched pools by grade.
asset lend deposit \
--tranche A-senior \
--principal 10000 \
--term 90d
| Tranche | Loss absorption order | Indicative APR |
|---|---|---|
| A-senior | Last | 5–7% |
| A-mezz | Second | 8–12% |
| B-junior | First | 15–22% |
| Cross-grade | Mixed | 10–14% |
Realized yields are visible on chain by tranche, historically. We publish a dashboard at app.gitsea.io/capital.
Insurance underwriting
Underwrite specific insurance products to earn premiums.
asset underwrite \
--product merge-insurance \
--grade A \
--principal 5000 \
--term 60d
You're betting that the realized claim ratio on this tranche stays below your premium share. Watch the realized loss ratio over time before sizing up.
$GSEA staking
Stake $GSEA to back the network's validator set, vote on governance, and earn from network fees.
| Tier | Stake required | What it does |
|---|---|---|
| Light | 1,000 GSEA | Read traffic, governance vote, small fee share. |
| Full | 10,000 GSEA | Write quorum participation, oracle attestations. |
| Validator | 100,000 GSEA | Slashing adjudication, curator multi-sig eligibility. |
Slashing for provable misbehavior is 10–100% scaled by harm. See Tokenomics.
Repo tokens
For diligent operators: take a direct position in a specific repo via its repo token (when minted). Tokens entitle you to a pro-rata share of treasury distributions and certain governance rights over the repo's parameters.
Caveat: this is the highest-variance surface. A repo is closer to a startup than to a bond. Read the repo's balance sheet, contributor concentration, and license terms before sizing.
Diligence checklist
For any deployment, check:
- Historical realized yields by tranche/product. Published per epoch.
- Loss ratio over rolling 90d. Volatility tells you a lot.
- Concentration. A pool dominated by one borrower is a different bet than a diversified one.
- Governance changes. Big parameter shifts in the lending curve, premium bands, or staking penalties.
- Audit status. See Security.
Worked example: a diversified $50k allocation
Allocation:
- $20,000 in A-mezz lender pools (3 grades, 90d term)
- $10,000 in merge-insurance underwriting (A grade, 60d)
- $10,000 in $GSEA staked at Full tier (10k tokens)
- $5,000 in two repo tokens (high-MRR, A+ score)
- $5,000 cash reserve for opportunistic policies
Quarter realized:
- Lender pools: +$580 (11.6% annualized, no defaults absorbed)
- Insurance: +$310 (8.3% annualized, one $90 claim absorbed)
- Staking: +$220 (network fees + small sleeper pool overflow)
- Repo tokens: −$140 (one repo dropped sharply on a fork dispute)
- Total: +$970 (~7.8% annualized, gross)
Boring, programmatic, observable. The good kind of yield.