Phase 1: POC with Quipu via Textile (March 2026)
First live capital, first live yield. Validates the vault mechanics, curation framework in practice, and on-chain UX end-to-end.
Deployment: $25k into Quipu via Textile smart contract infrastructure
Curated source: Quipu — Colombian AI-powered microcredit, 49,400 loans disbursed
Curation score: 45/100 (Tier 3), Bennett Average 1.83
Purpose: Prove the model works with real money before scaling
Phase 2: Add EthicHub, Scale to $100k+ (April–May 2026)
EthicHub is added as the second curated source, providing long-duration loans (12–24 months) to smallholder farmers generating ~10% gross yield. With two sources live, USDREFI becomes a genuine diversified basket.
Target TVL: $100k+ across Quipu and EthicHub
Begin onboarding trusted early holders beyond founders
Seed protocol-owned liquidity for the Uniswap secondary market
Raise global vault cap to $100k
Deepen Uniswap pool liquidity
Phase 3: Growth to $250k (June–December 2026)
Focus shifts to growing TVL through onboarding additional holders (invite-only), deepening secondary market liquidity, and evaluating new originators through the Credit Curation Framework.
Target TVL: $250k by year-end
Ongoing curation pipeline for new originators
First monthly impact reports
Scale Decision (Q4 2026)
At $250k TVL, begin exploring EURREFI (EUR-denominated counterpart) and/or strategies to scale USDREFI by 10x through institutional channels and additional curated sources.
