👋Introduction
Last updated
Last updated
August (previously, Fractal) is building web3 infrastructure allowing all on-chain financial assets to interact with and collateralize against each other via a universal margin account – starting with existing crypto assets and expanding to real world assets.
Our goal is to make On-Chain Finance as capital efficient as CeFi.
August is an institutional-grade platform — all of our borrowers go through KYC/KYB. August enables capital efficiency for institutions that are currently deployed on-chain, while also giving institutions that cannot interact with DeFi directly a way to do so by bringing bilateral agreements on-chain. In doing so, capital-efficiency is unlocked, and transparency is improved, while maintaining institutional-grade compliance.
August supports institutional clients by improving:
Cost of capital: On-Chain Finance today is primarily fully collateralized. By creating cross-margin collateralization tooling, August brings down the cost of capital and makes it far more efficient to engage in the space. The cost of capital value proposition is universal, whether it’s an early stage fintech startup, a traditional or crypto native fund, or a DAO treasury.
Access to credit: August account structure and risk engine unlocks the collateral value of users’ assets in a segregated and controlled environment.
Transparency of risk and reserves: August enables a fully transparent and programmable chain of credit, providing better credit monitoring and trust between borrowers and lenders.
DeFi protocols: interact with any DeFi application via Account Abstraction and WalletConnect as long as the relevant smart contract permissions are whitelisted.
OTC bilateral agreements: August contracts tokenize bilateral agreements including options, forwards, total return and interest rate swaps. These contracts rely on off-chain price feeds between two counterparties and automatically handle margining.
Spot: on-chain order execution algorithms (e.g. TWAP, VWAP) with full transparency and verifiable proof of reserves.
In addition, August offers 24/7 client support for all institutional clients.
