-
Notifications
You must be signed in to change notification settings - Fork 0
Loci Bell Tokens Deliver Fixed Growth
Loci Mutual finances mutual property acquisitions with the proceeds from Loci Bells, a secured indebtedness of the DAO corporate Borrower, and guaranteed to be repaid by the DAO mutual owner, a charitable corporation.
Mutual DAO property includes the following categories of assets:
- USD bank deposits and crypto tokens
- Commercial software and IP featuing DAO tools and smart contracts
- Commercial residential real estate
- Commercial auto properties featuring auto fleets and dealer software
- Commercial food distribution properties including software businesses and real estate
Each property category is owned mutually by the DAO, but acts as collateral for a particular Loci CMBT indebtedness.
Loci CMBT are standardized debt instruments secured by note, commercial deed of trust, DAO regulatory agreement, equity pledge, and mutual repayment performance guaranty by the DAO.
CMBTs are bond-like, bearing $1 Loci USD face value, an annual coupon rate of daily compounding growth, and bear a terminal repayment date three years following their initial registration, originated in three tranches each with a particular repayment preference, coupon, and relative portion of a whole note.
CMBTs are available for use in two forms: non-growth instruments swappable for a particular type of collateral at initial mint (i.e. USD, USDC/T) and fixed growth instruments secured by a particular long-lived asset or portfolio of assets like software or real estate.
Loci Bells featuring daily growth are registered in three unique tranches the sum of which equals the whole note value.
- 30LB 50% of whole note face value
- 60LB 30% of whole note face value
- 90LB 20% of whole note face value
Bells hold a terminal Call Date three years following registration. Loci Bells are also subject to Call by the DAO each 30, 60, or 90 days according to tranche, but no more frequently ensuring new holders a minimum days of growth before DAO repayment for a non-growth instrument LUSD.
Loci Home tokens grow principal daily, financing startup activities and mutual property acquisitions short term
Coupon rate * Ticker Symbol
- 7.00% 30LBHOME20250211
- 9.50% 60LBHOME20250211
- 12.0% 90LBHOME20250211
CASATX -- Casa Cascade is a commercial single family property acquired during 2021 at a discount to market value to hold long term for capital appreciation and income
Coupon rate * Ticker Symbol
- 2.00% 30LBCASATX20240215
- 2.50% 60LBCASATX20240215
- 7.00% 90LBCASATX20240215
Each contract corresponding to a particular CMBT will have a unique contract address as soon as they become available.
MS160TX -- Mammoth Springs is a commercial multifamily development project ready for design and planning
Coupon rate * Ticker Symbol
- 3.00% * 30LBCASATX20240215
- 3.05% * 60LBCASATX20240215
- 7.00% * 90LBCASATX20240215
Loci Bells are software secured mortgage tokens. Each day, Loci Bells grow token principal tax-deferred.
111 million $1 face value ($1 LUSD) Loci Bells were initially originated on June 11, 2021 in 3 tranches by the mutual borrower. Initially, Loci Mutual collected approximately 105 million of the Bells as proceeds for selling the Loci Bell software assets to the mutual borrower.
The 111 million Loci Bells were originated in three tranches, each with a unique coupon rate of growth.
Coupon rate * Ticker Symbol
- 6.00% * 30LB20240611
- 8.00% * 60LB20240611
- 10.0% * 90LB20240611
Each smart contract corresponding to Loci Bells will have a unique contract address as well.