Travessia Docs

Frequently Asked Questions

About Travessia Credit

What is Travessia Credit in one sentence?

Travessia Credit is an on-chain credit protocol that routes stablecoin capital into real-world operations in essential industries to generate verifiable, uncorrelated returns.

How long has Travessia been operating?

Travessia is a newly launched protocol, but the underlying economic activity and operators it supports have existed and operated for years prior to the protocol’s launch.

Is Travessia a lender or an investment fund?

No. Travessia provides programmable credit infrastructure. It does not make discretionary lending decisions or manage capital as a fund.


Returns and Economics

Where do returns come from?

Returns are generated by real-world transaction execution in essential industries. They come from operational margins and capital turnover, not from token incentives or market appreciation.

Are returns correlated to crypto markets?

Returns are designed to be uncorrelated. They depend on real-world transaction volume and settlement activity rather than token prices or market direction.

Are returns fixed or variable?

Returns are fixed for each deployment cycle and accrue continuously while capital is active. Rates may vary across cycles based on market conditions and execution outcomes.


Capital and Risk

What happens to my capital once I deposit?

Capital is deployed according to predefined rules into real-world operations executed by professional counterparties. Movement, timing, and settlement are enforced by smart contracts.

Is my capital ever traded, leveraged, or rehypothecated?

No. Capital is not traded or leveraged. It is deployed directly into transaction flows and returned on a fixed schedule.

What are the primary risks?

Risks include smart contract vulnerabilities, operational execution risk, FX and settlement risk, counterparty risk, and liquidity variability, particularly in early stages.


Withdrawals and Liquidity

When can I withdraw my funds?

In Version One, full withdrawals are available at the end of each deployment cycle. Early withdrawals are permitted during a cycle subject to penalties and settlement windows.

Can I exit early if I need liquidity?

Yes. Early withdrawals are allowed but incur a penalty and may take up to fourteen days to settle, reflecting real-world unwind costs.

Will instant withdrawals be supported?

Version Two introduces instant exit paths through secondary market trading of vault receipt tokens. Liquidity will be market-driven and scale gradually.


Security and Transparency

Has the protocol been audited?

Smart contracts are undergoing independent third-party audits. Audit reports will be published once completed.

How can I verify what is happening off chain?

Travessia is building a transparency dashboard powered by data verified and supplied directly by Brazilian government sources, providing visibility into underlying economic activity.

Who controls the smart contracts?

Smart contract logic enforces core system behavior. Governance cannot arbitrarily alter capital movement or settlement rules.


The Tauri Vault

Who is Tauri?

Tauri is a Brazilian grain operator executing short-duration spot transactions in one of the world’s largest agricultural markets.

Why is grain the first market?

Grain is essential, high-volume, capital-intensive, and operates on predictable settlement cycles, making it well-suited for programmable credit.

Will Travessia support other industries?

Yes. The protocol is designed to support additional vaults tied to other operators and essential industries over time.


Tokens and Governance

Is there a token?

Travessia plans to introduce a governance token. Details will be published separately once finalized.

What will the token be used for?

The token is intended for governance and protocol alignment. It does not represent equity or ownership of underlying assets.


Participation

Who is Travessia designed for?

Travessia is designed for users and investors seeking exposure to real-world yield that is transparent, disciplined, and uncorrelated with crypto markets.

Is Travessia permissionless?

Participation parameters may vary by vault and jurisdiction. Details will be disclosed per product.