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Programmable credit infrastructure on Solana

Credit risk,made to split

3Prime / Core / Alpha layers
$6.5kdemo loss cascade
AMMlive tranche pricing
Tranches

Programmable
risk.

Three risk tranches per vault. A pull-pattern yield waterfall. A reverse-priority loss cascade. All composable, all on-chain.

01

Tranche Vaults

Deposit USDC into Prime, Core, or Alpha tranches. Each tranche has its own risk profile, target yield, and place in the loss waterfall.

3risk tranches per vault
Waterfall

Deposit.Waterfall.Reprice.

On-chain architecture
Global network sphere

On-chain by
default.

Two Anchor programs on Solana. Vault logic in prism_core. Market layer in prism_amm. No backend, no off-chain trust.

2programs

Credit risk engine and market layer separated for blast-radius isolation. AMM bug ≠ vault failure.

100%On-chain transparency
<400msSwap latency
operational
Tranche Vaults3 PDAs
operational
AMM Pools3 PDAs
operational
Loss Bucket1 PDA
operational
Credit Events3 PDAs
LIVE

Real-time
risk metrics.

$0
Default loss simulated
Alpha first, then Core
Prime -> Core -> Alpha
Coupon distributed
0 USDC
constant-product pools
AMM fee
0 bps
pPRIME NAV $1.00411pCORE NAV $0.6798 after defaultpALPHA wiped firstMarket price updates on AMM swapsLosses do not disappear. They move.
Ecosystem

Connect
the credit stack.

Oracle triggers, analytics surfaces, privacy layers, and market makers can plug into PRISM without changing the vault accounting core.

Security

Trustless,
not opaque.

PRISM keeps credit accounting explicit: authority boundaries, checked math, reserve reconciliation, and auditable credit events.

Accounting guardrail
0manual balance adjustments
AnchorSPLQ64.64PDA

PDA authorities

Vaults, reserves, mints, and pools are controlled by program-derived authorities.

Reserve invariant

USDC reserves reconcile against tranche NAV and loss accounting.

Observable events

Deposits, yield accruals, swaps, and credit events are visible on-chain.

Controlled triggers

Defaults are admin-or-oracle gated for the demo and never silently applied.

Infrastructure stack

Built on trusted
infrastructure.

Solana logoSolana
Ika logoIka
Encrypt logoEncrypt
Cloak logoCloak
Dune SIM logoDune SIM
Dodo Payments logoDodo Payments
Switchboard logoSwitchboard
Solana logoSolana
Ika logoIka
Encrypt logoEncrypt
Cloak logoCloak
Dune SIM logoDune SIM
Dodo Payments logoDodo Payments
Switchboard logoSwitchboard

Powered by Solana and partner protocols that secure collateral, privacy, analytics, payments, and verified credit events.

Solana settlement

Fast finality for tranche minting, NAV updates, AMM swaps, and withdrawals.

Cross-chain collateral

Ika extends the borrower model toward BTC, RWAs, and MPC-secured assets.

Private flows

Encrypt and Cloak add confidential scoring, strategy data, and shielded exits.

Verified events

Switchboard and Dune SIM make credit events observable, indexable, and demo-ready.