What Precept is
Precept is Templar’s lending protocol on Stellar, live since 2026-11-09 with DeFindex as a launch partner.Why Precept
- Isolated markets. On most lending protocols, every lender in a pool shares the risk of every asset in it. On Precept, one market’s risk does not affect another.
- Rules fixed on chain. Each market’s collateral, limits and price feeds are set before launch and readable by anyone. After that, no admin can change parameters, raise caps, swap the oracle or set fees.
- Redundant prices. An aggregator reads several sources instead of one, with circuit breakers that block a feed when its price moves past set limits.
- No governance-token backstop. Lenders have no exposure to a token that can lose value the moment it is needed.
- Watched around the clock. Hypernative monitors every market, and professional liquidators serve each one.
What the strategy does
It supplies USDC to Precept’s XLM/USDC market and nothing else: no borrowing, no swaps, no rewards to claim. The yield is the interest borrowers pay, which accrues in the vault’s balance.Audits
- Guardian, Precept contracts, 2026-10: no critical, high or medium findings.
- Halborn, oracle aggregator, and the Code4rena and Certora audits of the inherited lending core: all on Precept’s security page.