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Synclear’s Structured Products are fixed-term, defined-outcome yield instruments designed for businesses with surplus capital and a tolerance for reduced liquidity in exchange for more predictable or enhanced yield. Unlike yield strategy vaults — which are continuously managed and redeemable on short notice — structured products have a defined term, a minimum allocation size, and a specific yield structure that is agreed at the time of subscription. Capital is committed for the term, and early exit, where available, may carry a penalty or be subject to secondary market conditions. Structured products are appropriate for strategic treasury allocation, not for capital that may be needed to meet operational obligations before maturity.

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Product Types

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Fixed-Term Credit Notes

A fixed-term credit note is a direct lending instrument: the business lends capital to a pool of verified Synclear borrowers at a fixed annualized rate for a fixed duration. The rate is set at subscription based on prevailing credit spreads and locked for the full term. Principal and accrued interest are returned at maturity. Underlying borrowers are on-chain businesses that have passed Synclear’s credit assessment process. The lending pool is diversified across multiple borrowers within the same credit tier; no single borrower represents more than 20% of any credit note tranche. Credit note parameters:
  • Term: 30, 60, 90, or 180 days
  • Rate: Fixed APR set at subscription (indicative rates published daily)
  • Minimum size: $25,000 equivalent
  • Principal return: At maturity, to the originating wallet or a designated address
  • Early exit: Not available on standard tranches; institutional early-exit arrangements available for positions above $250,000 — contact the Synclear team

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Principal-Protected Notes

A principal-protected note guarantees the return of deposited principal at maturity, regardless of underlying credit performance. Yield is generated from credit spreads — the difference between the return earned on the underlying lending pool and the cost of structuring the principal guarantee. The yield is variable but bounded: a minimum yield floor is defined at subscription, with upside participation to a defined cap. The principal guarantee is provided through a combination of on-chain reserve pools and senior tranche overcollateralization. The guarantee applies at maturity only — intra-term, the position is marked to market and may show unrealized variance. Principal-protected note parameters:
  • Term: 90 or 180 days
  • Yield structure: Variable, floor-to-cap range defined at subscription
  • Minimum size: $50,000 equivalent
  • Principal return: 100% of notional at maturity, guaranteed by protocol reserve
  • Early exit: Early redemption available at net asset value, subject to a 2% exit fee

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Yield-Enhanced Savings

Yield-enhanced savings is a variable-rate senior tranche product. Capital deposited occupies the most senior position in the credit waterfall — it is the last to absorb losses and the first to be repaid. In exchange for this seniority, the yield is lower than the mezzanine and subordinated tranches. However, because the underlying pool is actively managed and rate-sensitive, yield can exceed standard money-market equivalents while maintaining a conservative risk profile. Unlike the fixed-term products above, yield-enhanced savings does not have a fixed maturity. It operates on a rolling 7-day cycle: capital is re-committed at each cycle unless a withdrawal instruction is submitted before the cycle close. This provides more liquidity than credit notes while retaining the senior tranche safety structure. Yield-enhanced savings parameters:
  • Term: Rolling 7-day cycles (no fixed maturity)
  • Rate: Variable, reset at each 7-day cycle
  • Minimum size: $10,000 equivalent
  • Principal return: At the end of the next cycle following a withdrawal request
  • Early exit: No mid-cycle exit; instructions submitted before cycle close take effect at cycle end

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Product Comparison

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How Funds Are Held

All structured product subscriptions are held by Synclear’s product vault contracts. Funds are not co-mingled with Synclear’s operational accounts. Each product tranche has a dedicated vault address, and the allocation of capital to underlying borrowers or credit pools is verifiable on-chain. Term sheets for each active structured product — including borrower concentration limits, credit tier requirements, and reserve mechanics — are published in the Synclear product registry.
Synclear structured products are not equivalent to bank deposits and are not covered by any government deposit insurance scheme. Credit note and savings product returns depend on borrower repayment performance. Principal-protected note guarantees are contractual obligations of the protocol reserve — they are subject to the solvency of the Synclear protocol itself.

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Subscribing to a Structured Product

1

Review Available Products

Navigate to Earn → Structured Products. Active product tranches are listed with their term, current indicative rate, minimum size, and available capacity. Capacity is limited per tranche — once a tranche is fully subscribed, it closes to new entrants.
2

Confirm Term and Parameters

Select a product and review its full term sheet. Key parameters — rate (or range), term, maturity date, early exit conditions, and principal protection — are presented in the product detail view before any capital commitment.
3

Specify Allocation

Enter your allocation amount (must meet the minimum). The interface will display the projected yield at maturity based on the specified rate and term. Confirm the receiving address for principal and interest repayment at maturity.
4

Approve and Subscribe

Approve the product vault contract to transfer the allocation amount from your wallet, then submit the subscription transaction. Your position is recorded on-chain as a structured product receipt token (non-transferable on standard tranches; transferable on institutional tranches above $250,000 subject to whitelist verification).
5

Receive Proceeds at Maturity

At the defined maturity block, the vault contract automatically processes repayment of principal and accrued yield to the designated recipient address. No manual claim transaction is required — proceeds are pushed directly to the recipient wallet.

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Early Exit Options

Standard tranches do not support early exit. Capital is committed for the full term. If early liquidity is required for a position above $250,000, contact the Synclear institutional desk — secondary transfer arrangements may be available on a best-efforts basis, subject to a willing counterparty and current market conditions.
Early redemption is available at any point during the term by submitting an exit request through the Earn dashboard. Proceeds are calculated at the current net asset value of the position, less a 2% exit fee. The 2% fee is applied to the redemption amount, not just the yield component. The principal guarantee applies only at maturity — early redemption forfeits the guarantee and returns NAV.
No mid-cycle exit is available. Withdrawal instructions submitted before the cycle close (72 hours before cycle end) will be processed at the end of the current 7-day cycle. Late instructions (within 72 hours of cycle close) will be processed at the end of the following cycle. There is no exit fee for yield-enhanced savings withdrawals.