What Spout Does, in One Sentence Per Side

For borrowers: Deposit your stocks. Borrow stablecoins against them at 0% interest. Use the cash for anything. Repay whenever. Walk away with your shares.

For lenders: Deposit stablecoins into Senior or Junior tranches. Earn yield from idle interest plus a share of the options premium income generated by collateral across the protocol.

Borrow. Lock spAssets and borrow stablecoins at 0% interest.

Lend. Deposit stablecoins. Choose Senior (~7% APY, protected) or Junior (~25%+ APY, first-loss). Yield from real options premium, not emissions.

Hold. spAssets are 1:1-backed by real shares at a regulated US broker, attested onchain.