Participants & Risk Management

cSigma Institutional brings together multiple classes of participants within a unified, risk-aware credit infrastructure. Each role interacts through permissioned smart-contract modules built on the Diamond Standard (ERC-2535).

This dual structure — onchain transparency + offchain intelligence — ensures that capital flows are efficient, compliant, and continuously monitored for risk.


Participant Overview

Participant
Description
Key Responsibilities

Institutional Lenders

Institutional lenders in addition to Edge, that provide capital to cSigma's institutional lending pools.

Supply capital, earn yield via the institutional lending layer, and benefit from diversification across RWA and DeFi strategies.

Institutional Borrowers

Verified entities that borrow funds to deploy into real-world asset (RWA) opportunities.

Maintain creditworthiness, make timely repayments, and report portfolio performance.

Asset Managers

Onchain strategy managers that execute DeFi yield or market-neutral strategies.

Operate through dedicated child pools, borrow against approved limits, and periodically report strategy results.

Governance / Protocol Admin

Multi-sig or DAO authority managing protocol-level configurations.

Approve upgrades, adjust exposure thresholds, and enforce emergency controls.

Oracles & AI Systems

Data intelligence and analytics components.

Continuously update credit ratings, pool valuations, and performance metrics onchain.


Institutional Credit Lifecycle

  1. Onboarding & Verification Institutional borrowers and asset managers undergo KYB verification and compliance checks before gaining access. Each participant is assigned a unique onchain identity within the cSigma Institutional Diamond contracts.

  2. AI-Based Credit Assessment

    • The AI Credit Engine evaluates each borrower’s financial and behavioral data — both onchain and offchain.

    • Factors include repayment history, utilization ratios, collateral behavior, and external financial indicators.

  3. Capital Allocation The Fund Manager allocates liquidity from Edge, csUSD, and csLYD vaults into Child Pools based on:

    • Credit rating and risk score

    • Pool utilization and repayment performance

    • Portfolio diversification limits

  4. Borrowing & Strategy Deployment

    • Institutional Borrowers draw funds to finance RWA portfolios (e.g., trade credit, real estate, or private loans).

    • csLYD Asset Managers borrow through their Child Pools to run onchain yield strategies. Each Child Pool remains isolated to prevent contagion across pools.

  5. Repayment & Yield Distribution All repayments flow back to the respective Child Pools. The Fund Manager aggregates and redistributes yield proportionally to the originating vaults, which automatically reflect it in user share values.


Risk Management Framework

Institutional platform enforces a layered risk-control system that blends onchain safeguards with adaptive, data-driven oversight.

Mechanism
Description

AI Credit Engine

Continuously scores and updates borrower risk profiles using onchain data (utilization, repayment timing) and offchain metrics (financial reports, external credit data).

Dynamic Exposure Limits

Fund allocations can be adjusted as credit ratings change — higher-risk borrowers receive smaller or frozen credit lines.

Child Pool Isolation

Each borrower or manager operates within its own smart-contract pool, ensuring that defaults are sandboxed and cannot cascade system-wide.

Oracle-Based Monitoring

The Asset Oracle validates all reported data, ensuring price accuracy and preventing manipulation.

Governance Oversight

Multi-sig administrators can pause, recall funds, or rebalance exposure if there is any systemic risk.


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