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About 3Jane
3Jane is a credit-based money market on Ethereum that extends unsecured USDC credit lines to US-based crypto-native users, businesses and AI agents. Depositors receive USD3 as senior and sUSD3 as junior claims, while borrowers qualify on future cash flow rather than posted collateral. It targets the gap between DeFi's overcollateralized lending and opaque offchain private credit.
Underwriting runs offchain: Cred Protocol's onchain profiles combine with income data verified through zkTLS, and bad debt is auctioned onchain for licensed US collectors. The site reports about $21.96 million in TVL and $110.1 million in cumulative borrowing, and says roughly $8 million went to about 60 US borrowers with zero defaults over about seven months. Those figures are self-reported, and an unsecured model has yet to live through a full credit cycle.
In October 2024, former Aevo engineer Jacob Chudnovsky founded 3Jane to build an uncollateralized on-chain credit market rather than another overcollateralized lending protocol.
In June 2025, 3Jane raised a $5.2 million seed round led by Paradigm, with Coinbase Ventures, Wintermute Ventures and Robot Ventures participating.
3Jane scores borrowers using on-chain assets, bank data, cash flows and zkTLS proofs, then issues senior USD3 and junior sUSD3 tranches to layer credit risk.
In June 2026, 3Jane launched publicly with a $10 million LendSwift warehouse facility and an $8.5 million Slope loan purchase, capping USD3 supply at $50 million.
In July 2026, 3Jane introduced Levered Callable Capital, turning unfunded commitments into tradable credit and aiming to remove the cash drag of credit funds.
On June 11, 2026 the 3Jane protocol opened to the public, letting users mint the credit-backed stablecoin USD3, stake sUSD3 and join liquidity mining to earn JANE tokens, with USD3's initial supply capped at $50 million.
3Jane has actually deployed real credit on-chain: a $10 million senior warehouse financing with LendSwift (about 15,000 US consumer installment loans) and an $8.5 million whole-loan purchase financing with Slope, covering SMB credit and BNPL receivables.
After 3Jane pivoted to fintech credit channels, its first three US originators are in closing, covering three asset classes, namely B2B payment terms and BNPL, SMB credit lines, and subprime consumer installments, with an initial pipeline target of $60 million in facilities deployed in batches under warehouse and forward-flow structures, each allocation disclosing structure, credit enhancement and expected senior tranche yield; USD3 shifts from Aave and idle stablecoin exposure into the senior tranche of credit pools, sUSD3 continues to take the subordinated position, and an incentive program follows.
Jacob Chudnovsky founded the company. He started as a software engineering intern at Credit Karma, joined Aevo in 2021 as a founding engineer to build structured derivatives and lending tools, later became Aevo's head of strategy and ran its on-chain unsecured revolving credit business, then founded this project in October 2024.
Jeremy Obadia is a founding team member focused on DeFi protocol engineering, contributing to early contract and architecture design and helping build the credit money market on top of Morpho Blue.
Joshua Fong leads DeFi, covering the pools and risk parameters, and designed the credit limits and tranching structure.
Vasilis Taff is the experience designer, working on the frontend and user flows for credit applications and supplier interfaces.
Evgeny Boxer is a senior frontend engineer responsible for implementation and iteration.
Most of the founding team came from Aevo and other decentralised finance protocols, with engineering, strategy and risk split into distinct roles.