Pipeline › Start here

Quick start manual

For lenders

  1. Confirm Pipeline can serve your jurisdiction (see Legal).
  2. Set up a self-custodied wallet. Pipeline never holds your keys.
  3. Fund the wallet with at least $1,000 USDC plus a small ETH balance for gas (two transactions on your side: deposit and claim).
  4. Connect the wallet at pipeline.one. No identity documents required — Pipeline runs KYT (Know Your Transaction) screening on every deposit, not KYC.
  5. Approve USDC to DepositManager and call deposit(amount). Your USDC moves to the Intake Wallet pending screening; a deposit ticket is created.
  6. Wait for KYT screening. Typically seconds, sometimes minutes. The Relayer signs a claim attestation off-chain on a clean result.
  7. Call claim(depositId, attestation, signature) yourself. The contract enrols you on WhitelistRegistry, moves USDC from the Intake Wallet to the Capital Wallet, and mints PLUSD 1:1 — all in this transaction.
  8. Stake PLUSD into sPLUSD. Yield accrues to share price automatically.

What happens next

sPLUSD share price moves only when a senior coupon or realised T-bill gain is minted into the vault. Both events are recorded on-chain. To exit, unstake sPLUSD, queue the resulting PLUSD on the WithdrawalQueue, and claim USDC yourself when the queue is funded.

For originators

  1. Fill out the application here.
  2. We will contact you within five business days.
  3. If approved, complete your onboarding.
  4. Start loan origination and earning higher yield on equity tranche.

For borrowers

  1. Reach out to us.