> For the complete documentation index, see [llms.txt](https://docs.regenerative.fi/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.regenerative.fi/usdrefi/what-is-usdrefi.md).

# What is USDREFI

USDREFI is a liquid, transferable, regenerative savings product built on Celo. At a high level:

* **Stablecoin in** — deposit USDC into the vault
* **Productive deployment underneath** — capital is deployed into curated real-world regenerative lending
* **Liquid on-chain token on top** — receive USDREFI tokens representing your position

Users deposit stablecoins and receive USDREFI, representing a position in a vault that deploys capital into regenerative credit opportunities. Yield is generated from real-world lending to smallholder farmers, cooperatives, and micro-entrepreneurs who meet our curation standards. The vault handles all deployment, claiming, and reinvestment on behalf of users.

## The Gap in the Market

USDGLO and similar "for-good" stablecoins are inactive or have failed to scale. Stablecoin holders currently have no simple way to generate yield from regenerative sources. Existing ReFi lending products require active management, long lock-ups, and hands-on reinvestment. Meanwhile, demand for purpose-aligned on-chain yield is growing — but the options barely exist.

USDREFI fills that gap.

## What USDREFI Is Not

* **Not a risk-free stablecoin** or capital-guaranteed product
* **Not a maximum-yield optimizer** — yield comes from real lending, not leverage
* **Not a wrapped DeFi position** or leverage play
* **Not uncurated** — every yield source passes through the Credit Curation Framework

## Who It's For

**For stablecoin holders:** Higher total return than parking capital in standard savings, backed by real-world productive activity with clear regenerative alignment.

**For ReFi participants:** Much more liquid than direct lending, no manual claiming or reinvestment, simpler UX, and lower operational burden.

**For the world:** Passive stablecoin capital is channeled into real-world regenerative lending — an on-ramp from idle capital to measurable impact.


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