Functional Layers

The protocol is organized into four layers that can be reasoned about separately.

Credit layer. Pooled lender capital is deployed into loans. Borrower interest returns to the pool and accrues to lenders in the settlement asset, net of fees. This is where external revenue enters the system.

Pool layer. A pool is a self-contained credit strategy: one delegate, one settlement asset, its own capacity, fee schedule, first-loss commitment, and risk profile. Pools are either permissioned or open. Two pools never share balance sheets.

Legal and compliance layer. Master Loan Agreements are designed to make loans enforceable beyond smart-contract logic. Borrower KYC and KYB, sanctions and PEP screening, and ongoing monitoring sit here — the layer that allows Quantix to lend to real counterparties rather than only to code, once those relationships are live.

Token and governance layer. QFI coordinates incentives and, progressively, governance. It sits alongside the credit accounting rather than inside it. Nothing in the credit or pool layers depends on the token to function.

The separation is intentional. A lender's risk lives in the credit and pool layers. A token holder's risk lives in the token layer. Keeping them distinct is what makes each one honest to describe.