Here you can find answers to common questions about Zivoe, our features, and services.
Zivoe is a real world asset (RWA) credit protocol that allows anyone who qualifies to gain tokenized exposure to the U.S. consumer lending market, an asset class historically favored by institutions for its strong risk-adjusted returns. By connecting stablecoin deposits to off-chain lending, Zivoe makes access to this segment of the credit market available to individuals for the first time, offering exposure to yield opportunities that were traditionally out of reach.
The asset class Zivoe lends into is U.S. consumer credit, which has historically shown resilience even during economic downturns. During the 2008 financial crisis, access to revolving credit shrank by over $140 billion for underserved Americans. In contrast, Elevate Credit, a non-prime lender that maintained consistent performance through that period and later went public, was led at the time of its IPO by Walt Ramsey, now with Zivoe. This history underscores the durability of well-structured consumer credit portfolios, even in volatile market environments.
As with all forms of private credit exposure, there are risks. Borrower defaults, underwriting errors, and broader economic conditions can all impact loan performance. Liquidity is also a consideration, as withdrawals are tied to loan repayments. Zivoe mitigates these risks by working with Zinclusive, its lending partner, who is responsible for underwriting and originating loans. Capital is deployed into a broad set of U.S.-based consumer loans, offering meaningful diversification compared to protocols concentrated in a small number of business loans.
Depositors mint zveUSD, Zivo's ERC-4626 vault token, by depositing stablecoins into the protocol. These funds are used off-chain to help fund consumer loans. As borrowers repay those loans with interest, capital flows back into the protocol and is automatically compounded into zveUSD, allowing depositors to passively earn real, on-chain yield backed by off-chain repayments.
Zivoe currently takes a 15% protocol fee on the net interest income generated from loan repayments. This fee supports ongoing operational costs, audits, and future development of the protocol. The remaining yield is distributed to zveUSD holders, allowing them to earn the full benefit of on-chain cash flows after expenses.
Withdrawals from the protocol are subject to available cash flows from underlying loan repayments. While Zivoe may open select windows for direct redemptions once critical scale is reached, the primary path for liquidity will be through secondary markets. Zivoe has established a liquidity partnership with Frax, one of the leading stablecoin projects in the space, including a joint pool to support trading of zveUSD. This provides users with flexible access to exit their positions without waiting on scheduled redemption events.
Zivoe is transitioning from its original tranche-based system to a unified auto-compounding vault token called zveUSD, which will launch alongside a new dApp. While the Legacy App will remain live and continue to accept senior tranche deposits, all new protocol activity will move to zveUSD going forward. The full transition will occur with the launch of the new dApp, and a migration process will be shared for existing users. More details will be available soon through the dApp and Zivoe’s community channels.
Yes. Zivoe’s smart contracts have been audited by Runtime Verification and Sherlock, two leading security firms in the blockchain industry. In addition to these audits, Zivoe employs continuous monitoring systems to track protocol activity, flag anomalies, and uphold operational security standards.
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Zivoe is a technology services provider. Use of the Zivoe Protocol involves risks, including but not limited to the potential loss of digital assets. Before using the Zivoe Protocol, you should review our documentation to ensure you understand how the Protocol works. As described in our Terms, the Zivoe Protocol is provided on an “as is” and “as available” basis, at your own risk. We explicitly disclaim any representation or warranties of any kind relating to the Protocol, and no developer or entity will be liable for claims or damages of any kind associated with use or inability to use the Protocol.