Transforming illiquid assets into accessible liquidity

Summary

<aside> <img src="/icons/donkey_purple.svg" alt="/icons/donkey_purple.svg" width="40px" /> 40acres is building the first defi-native lending infrastructure for illiquid yield-bearing assets, starting with vote-escrowed tokens (veTokens). Our platform enables holders of locked assets to access immediate liquidity while retaining ownership and earning yields.

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Key Highlights:

This is from only 7 months of bootstrapping with 0 external funding.

• $45M+ collateral
• $20.5M+ loans originated with $9.5M outstanding
  • 5892 unique loans underwritten
• $3.5M+ market place annualized revenue with 33% month-over-month growth
• Zero liquidations through innovative self-repaying loan mechanism
• Market leader in yield bearing lending with 80% market share.

The Problem: $2B+ Locked in Illiquid Assets

Traditional DeFi creates a liquidity paradox: the highest yields come from locking tokens for 2-4 years, but this creates illiquidity when users need capital. Current solutions are inadequate:

• No lending infrastructure for illiquid assets
• Inefficient secondary markets requiring 40%+ discounts to sell
• Peer-to-peer friction with inconsistent terms and limited liquidity
• High liquidation risk makes borrowing against locked assets impractical