Tech Paper
Tech Paper 1.0
Overview of the VOY Finance Ecosystem
The VOY Finance Ecosystem introduces a groundbreaking approach to liquidity lending and trade finance through its innovative use of asynchronous vaults, tokenization of real-world assets (RWAs), and advanced integration with blockchain standards and protocols. Below is a detailed breakdown of the system's components, processes, and unique value proposition.
Key Components
1. Asynchronous Vaults (ERC7540 Compliant)
ERC7540 Standard Compliance: The vaults are designed to adhere to the ERC7540 standard, ensuring compatibility with decentralized financial protocols and platforms.
Integration with Gnosis Safe: Vaults are integrated with Gnosis Safe, a leading multisig wallet solution, for secure and collaborative asset management.
Zodiac Role Modifiers: The system utilizes Zodiac role modifiers for governance, enabling modular and upgradeable access control mechanisms.
2. Fee Structure
Performance Fees: A percentage of the profits generated by the vaults is allocated as performance fees.
Management Fees: Fixed fees are charged for the operation and management of the vaults, ensuring sustainable ecosystem growth.
3. Net Asset Value (NAV) Calculation and Settlement
Proposed NAV: The NAV is proposed by a dedicated NAV committee based on pre-defined terms and methodologies.
Final Settlement: An asset manager reviews and finalizes the NAV, ensuring transparency and accuracy in asset valuation.
4. Paperless RWA Tokenization and Documentation Digitisation
OCR Digital Document Protocol:
VOY’s AI-driven Optical Character Recognition (OCR) protocol processes and tokenizes off-chain asset documentation at an unprecedented rate of 1,000 documents per minute.
Supported documents include invoices, debt documents, promissory notes, bills of exchange, and bills of lading (BoLs).
On-Chain Asset Representation:
Real-world assets are tokenized as various ERC standards, including:
ERC721: Non-fungible tokens
ERC1155: Multi-token standard
ERC7621: Advanced asset tokens
ERC3643: Regulated security tokens
These tokens are stored on-chain and linked to vaults, facilitating direct settlement and transactions.
5. Marketplace Integration
Vaults directly interact with a decentralized marketplace for asset settlement, enabling seamless and transparent lending and trading of tokenized RWAs.
The marketplace is enhanced with jurisdictional compliance by incorporating ERC3643 T-REX standards, ensuring adherence to security token regulations across multiple jurisdictions.
Process Flow
Trade Finance on Blockchain: 3-Way Model
Vault Lending:
Liquidity is pooled in asynchronous vaults by investors seeking high-yield opportunities (12-24%).
The vaults provide funding to trade finance deals by lending to RWAs.
Corporate Borrowers:
Corporates leverage the ecosystem to finance their trade operations by tokenizing their receivables or debt instruments.
Originators:
Originators create and manage RWAs using VOY’s AI OCR protocol.
Tokenized assets are settled on the marketplace, backed by vault lending.
High-Yield Opportunities
Yield Range: The ecosystem offers returns between 12-24%, significantly outperforming traditional trade finance mechanisms.
Replicating Existing Processes: The system digitizes and enhances the traditional bank-driven processes of trade and debt finance, reducing inefficiencies and improving yields for investors.
System Diagram
Below is a conceptual flow diagram illustrating the 3-way finance model:
Vault Lending:
Liquidity provision by investors
Lending vaults fund RWAs
Corporate Borrowers:
Submit off-chain trade finance documents (e.g., invoices)
Documents tokenized and funded by vaults
Originators:
Facilitate RWA tokenization via VOY’s AI OCR protocol
Provide validated assets for marketplace settlement
[Include a flowchart visualization here depicting the interactions between vault lending, corporate borrowers, originators, and the decentralized marketplace.]
Conclusion
The VOY Finance Ecosystem redefines trade finance by leveraging blockchain technology to tokenize RWAs and automate documentation processing. By integrating asynchronous vaults, high-speed OCR protocols, and compliant token standards, VOY provides unparalleled efficiency and yield opportunities in the decentralized finance landscape. This system bridges the gap between traditional banking processes and modern decentralized solutions, offering a scalable and sustainable model for global trade finance.
Tokenomics
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