Earn real-world yield on your stablecoins
Deposit stablecoins into curated pools that finance real-world businesses. Borrowers repay with interest, and that interest is your yield.
Target, not guaranteed: 10% facility rate less a 20% curation fee. Your capital is at risk. Read the pool terms in the app and the risks before depositing.
Where your yield comes from
Three steps, all on-chain. Your stablecoins fund real financing and the interest comes back to you.
Deposit stablecoins
Supply USDG to an Arenas pool and receive pool shares. Your assets stay in audited smart contracts that only your wallet can withdraw from.
The pool funds real businesses
Vetted borrowers draw from the pool to finance real activity, such as payment settlement and invoice financing. A person approves every loan and each one is backed by a signed legal agreement.
Repayments grow your shares
Borrowers repay principal plus interest into the pool. That interest is your yield: real economic activity, not token emissions.
Pick how you put capital to work
Deposit directly, boost the yield on collateral you already hold, or allocate at scale.
Real-world credit pools
Deposit stablecoins into a curated pool that funds one real-world financing program. Clear terms, a published target yield and every draw visible on-chain.
- Yield from borrower interest, not incentives
- Senior on-chain position
- Pool terms published before you deposit
Put your collateral to work
Supply tokenized assets as collateral, borrow USDG against them into the pool and earn the spread between the pool's yield and the borrow rate.
- Opened and closed in one flow in the app
- Earn the pool spread over the borrow rate
- Opens a debt position: your collateral can be liquidated
Allocate at scale
Funds, DAOs, treasuries and wallets can allocate directly or route their users' deposits into Arenas pools through the API, SDKs and MCP servers.
- Direct allocations to new pools
- REST + GraphQL API, SDKs, CLI
- Talk to us about pool terms
| Sector | Facility | Stablecoin LP APY | ETH/WBTC delegator yield | Loss | Collateral |
|---|---|---|---|---|---|
| Trade Finance | $10–25M | 5–7% | 2–3% | 0% | Freight manifests + insured cargo |
| Invoice Factoring | $5–15M | 6–8% | 3–4% | <0.5% | Accepted corporate invoices |
| Working Capital | $10–20M | 5–7% | 2–3% | 0.3% | Pledged AR + audited revenue |
| Private Credit | $15–30M | 5–6% | 2–3% | 0.4% | Diversified SME loan portfolio |
| Compute / GPU | $5–15M | 6–8% | 3–4% | n/a | GPU hardware + insurance |
≥20% first-loss junior tranche · ≤15% per-borrower cap · 5-stage underwriting + Foundation co-sign.
Built to protect the capital behind the yield
Real-world credit pays more than idle stablecoins because it carries credit risk. Arenas layers human approval, legal agreements and a senior position on top of audited contracts to manage it.
Yield from the real economy
Returns come from businesses paying interest on real financing, so they don't depend on token emissions or crypto leverage cycles.
Every loan is approved by a person
No capital moves until an approver signs off on the request. Only the borrower whitelisted for a pool can draw from it.
Backed by legal agreements
Each financing is tied to a signed agreement that is enforceable off-chain, on top of the smart-contract rules.
Senior position
Your on-chain pool is the senior tranche and is repaid before the program's junior capital.
Non-custodial
Arenas never holds or moves your assets. Your deposit sits in audited contracts and only your wallet can withdraw your share.
Transparent on-chain
Deposits, draws, repayments and pool share value are all on-chain, so you can verify them yourself at any time.
Depositing is not risk-free
- Borrowers can repay late, partially or not at all, and losses reduce pool share value.
- Withdrawals are time-locked and depend on how much of the pool is lent out.
- Target yields are not guaranteed. Smart contracts can have bugs despite audits.
Questions depositors ask
Straight answers before you deposit
From interest that real borrowers pay on approved financing. Your pool shares grow as that interest flows back into the pool. Some pools add upfront borrower incentives or reward programs on top. There are no token emissions behind the base yield.
In a typical money market, borrowers over-collateralise on-chain and liquidations protect lenders. Arenas funds credit-based, approval-gated financing: a person approves every loan and each one is backed by a signed real-world agreement. The upside is yield from the real economy; the trade-off is credit risk.
Each pool publishes its target yield and curation fee in its Pool Terms before you deposit. The live USDG pool's facility rate is 10% APR, and after the 20% curation fee the target is about 8% net. Targets are not guaranteed: your return depends on borrowers actually repaying.
You can request a withdrawal at any time, but withdrawals are two-step and time-locked, and some pools have a lock-up for their term. If much of the pool is lent out, your request may be filled partially or delayed until borrowers repay. Don't deposit capital you may need back immediately.
The loan shows as in default on-chain and the signed financing agreement is enforced off-chain. Anything recovered is paid back to the pool. Any shortfall reduces the value of pool shares in that pool, including yours.
A market operator or a dedicated approver reviews every financing request before capital can be drawn. Only the borrower whitelisted for a pool can borrow from it.
No. Arenas builds and runs the software and is paid a curation fee taken from the yield a pool earns, never from principal. Your deposit stays in audited smart contracts, and only your wallet can withdraw your share.
No. Depositing is permissionless: connect a wallet, accept the Terms of Service and supply. Borrowers, on the other hand, are vetted before they can draw any capital.
The live pool runs on Robinhood Chain and takes USDG. More pools, assets and networks are in the pipeline.