> For the complete documentation index, see [llms.txt](https://docs.zivoe.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.zivoe.com/user-docs/introduction.md). # Introduction Zivoe is a tokenization protocol providing on-chain access to short-duration private credit. Depositors supply stablecoins to a vault that finances diversified credit portfolios. ### Why Zivoe? * **Private credit yield:** Access yields generated by short-duration private credit portfolios, designed to be uncorrelated with broader crypto and financial markets. * **Auto-compounding:** Returns accrue continuously to the price of the vault token, compounding automatically without the need to claim or restake. * **Composable by design:** Depositors receive a vault token (zSMB) built on the ERC-4626 standard, enabling composability across the broader DeFi ecosystem. * **Professional risk management:** Zivoe's team comes from leading TradFi and DeFi institutions including JPMorgan Chase, Wells Fargo, Capital One, Experian, and Maple Finance, with over 40 years of collective experience managing credit risk. * **Structural protections:** Assets financed through the protocol are held in dedicated special purpose vehicles (SPVs) designed to segregate assets and help protect depositor funds. *** ### How It Works? * **Deposit** stablecoins (USDC or USDT) through Zivoe's platform. * **Receive** vault tokens (zSMB) representing your proportional position in the assets being financed. * **Earn** as the underlying credit portfolios generate repayments, with returns accruing continuously to the price of zSMB. * **Redeem** your vault tokens for stablecoins, reflecting your initial deposit plus any yield accrued. *** ### Navigating These Docs **User Documentation** - Learn how Zivoe works and how to participate in the protocol. You're in this section now. [**Developer Documentation**](broken://pages/yXUxLVe1QvdzsbzxgkXi) - A deeper look at the technology behind Zivoe, including smart contracts and system architecture. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation by asking a question. Perform an HTTP GET request on the following URL with the `ask` and `goal` query parameters: ``` GET https://docs.zivoe.com/user-docs/introduction.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is what the user is ultimately trying to achieve, the reason they need the answer. Sharing it helps GitBook give you a better, more relevant answer. A goal is most helpful when it describes the outcome the user wants rather than restating the question. For example, with `ask=how do I create an API token`, a goal like `automate deployments from our CI pipeline` lets GitBook tailor the answer to that use case. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.