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A credit pool on Synclear is an on-chain lending facility allocated to one or more underwritten borrowers. Each pool has fixed structural parameters — credit limit, interest rate, collateral requirements, and repayment schedule — established at creation. Lenders fund pools collectively; borrowers draw down against available liquidity within their defined credit limit.

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Pool Structure

Credit limit. The maximum aggregate amount a borrower may draw from a pool at any time. Set during pool creation based on underwriting results. The credit limit may be revised upward through a governance proposal backed by updated underwriting. Interest rate. Pools carry either a fixed rate (set at creation) or a variable rate governed by a utilization curve. Under a utilization curve, the rate increases as pool utilization rises, incentivizing repayment and protecting lender liquidity. Both the rate model and current rate are visible on the pool detail page. Pool utilization. Utilization is the ratio of outstanding borrowed balance to total lender capital in the pool. High utilization reduces the liquidity available for lender withdrawals. Pools with utilization above a defined threshold (typically 90%) may impose a withdrawal queue until repayments reduce utilization. Pro-rata interest. Each lender’s share of accrued interest is proportional to their share of the pool’s total funded capital. Shares are tracked via an internal accounting mechanism; there is no separate interest token to claim.

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Browsing Pools

The Pools page displays all active pools with the following information for each:
  • Borrower name and verified entity status
  • Credit limit and current utilization
  • Current interest rate (APR)
  • Lender-side total value locked (TVL)
  • Pool type (senior, junior, blended)
  • Minimum lender commitment
  • Maturity or revolving status
Pools can be filtered by asset, rate type, utilization, and pool type. Click any pool to view its full detail page, including borrower profile, on-chain activity, collateral held, and full repayment history.

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Committing Capital

Some pools carry lock-up periods — typically 30, 60, or 90 days — during which committed capital cannot be withdrawn regardless of pool utilization. Lock-up terms are displayed prominently on the pool detail page before you confirm a commitment. Revolving pools without a defined maturity may still impose minimum commitment durations.
1

Connect and verify your wallet

Navigate to the Pools page. Connect your KYC/KYB-verified wallet. Unverified wallets cannot interact with credit pool contracts.
2

Select a pool

Review available pools. Open the detail page for your chosen pool to confirm the credit limit, interest rate, collateral terms, borrower profile, and any lock-up conditions before proceeding.
3

Enter your commitment amount

On the pool detail page, click Lend. Enter the amount you wish to commit. The interface will display your projected APR share, the pool’s resulting utilization, and the earliest possible withdrawal date given any lock-up.
4

Approve the asset transfer

If this is your first deposit of this asset, you will be prompted to sign an ERC-20 approval transaction. This authorizes the pool contract to pull funds from your wallet.
5

Confirm the deposit transaction

Sign the deposit transaction. Your capital is transferred to the pool contract on-chain. Your lender position — denominated in the pool’s underlying asset — is recorded immediately.
6

Monitor your position

Your position appears in the My Positions dashboard. Accrued interest updates in real time. You can view your current balance (principal + accrued interest), pool utilization, and estimated time to maturity from this view.

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Tracking Your Position

The My Positions dashboard aggregates all open lender positions across pools. For each position you can view:
  • Committed principal
  • Accrued interest (unclaimed)
  • Current pool utilization
  • Earliest withdrawal date
  • Borrower repayment activity
Interest is claimable at any time by submitting a claim transaction, which transfers accrued interest to your wallet without reducing your principal position.

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Withdrawing Capital

Withdrawal availability depends on pool utilization and any applicable lock-up.
Revolving pools allow withdrawals when utilization is below the pool’s withdrawal threshold. To withdraw:
  1. Open the pool detail page from My Positions.
  2. Click Withdraw and enter the amount to redeem.
  3. If liquidity is available, the transaction executes immediately and principal (plus any unclaimed interest) is returned to your wallet.
  4. If the pool is above the withdrawal threshold, your request enters the withdrawal queue. Funds are returned as borrower repayments bring utilization below the threshold.