Tier System
The combined Gate 3 + Gate 4 score (0–100) plus Gate 5 bonus determines tier placement. Each tier carries a maximum allocation limit to ensure diversification and manage risk.
Originator Tiers
Tier 1
80–100
Exemplary regenerative. Structurally transformative with verified impact.
Tier 2
60–79
High-quality impact. Sustainable DeFi or above with strong scores.
Tier 3
40–59
Watchlist / conditional. Passes gates but with improvement path needed.
Below 40
—
Fails Gate 1, Gate 2, or scores below 40. Not included.
No single originator or protocol may exceed its tier's maximum allocation, regardless of score. This is a structural diversification rule, not a performance penalty.
Current Originator: Quipu
Quipu is the first curated originator in the USDREFI basket:
Score: 45/100 (Tier 3 — Sustainable DeFi classification)
Bennett Average: 1.83 (clears the 1.5 minimum bar)
Profile: Colombian AI-powered microcredit, 80,000+ alternative data points, 49,400 loans disbursed
Diversification by Design
The allocation cap system ensures that USDREFI never becomes over-exposed to a single originator. As new originators pass through the framework and are added to the basket, concentration risk decreases naturally. The framework incentivizes seeking higher-scoring originators that unlock larger allocation caps.
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