Central Asian sovereign yield. Now on Base.
Access Uzbekistan and Kazakhstan sovereign yield through USDC-settled Senior and Junior tranches.
The portfolio
What’s underneath
Roughly 98% sovereign bond exposure across two Central Asian issuers, with a small tokenized equity sleeve.
UZ · Sovereign
Republic of Uzbekistan
14.00%
Sovereign bond mirror
Allocation
49%
Risk
Sovereign
KZ · Sovereign
Republic of Kazakhstan
16.25%
Sovereign bond mirror
Allocation
49%
Risk
Sovereign
Equity sleeve
Tokenized equities
~2%
A small basket held alongside the sovereign book. Not part of the product’s primary identity.
Walkthrough · Base Sepolia deployment
The waterfall
Why Senior is 6% when the bonds pay 14–16.25%
Senior takes a fixed, priority claim. Junior takes the risk — and everything left over.
Portfolio yield
14 – 16.25%
Senior · paid first
6.00% fixed
Junior · residual
Remaining return
First loss, then upside.
If the portfolio earns 15%, Senior receives its 6.00% priority return first. Remaining economics flow to Junior, subject to tranche sizing, losses, fees and FX.
Senior — priority yield
Paid first, up to 6.00% APR. Junior capital absorbs portfolio losses before Senior. Not principal protected.
Junior — first-loss capital
Absorbs losses first and receives the remaining portfolio return after Senior is paid.
Progressive market access
Access that scales with verification.
More verification unlocks more of Omni-Fi. A progressive path from open access to private markets, built for a safer, more efficient lending ecosystem.
Same protocol
Higher opportunities
Onchain capital, unlocked.
Access_00
No access
Newly unlocked
None
Access_01
Register with an invite code
Newly unlocked
Deposits enabled · 100 USDC/request
Access_02
Identity verified via EAS attestation
Newly unlocked
10× limit · 1,000 USDC/request
Access_03
Pay 1 access token via x402
1 signature · no gas
Newly unlocked
Private market access
Transparency
Accountable NAV, epoch by epoch
Every valuation and settlement is attested on-chain as it happens.
NAV per Senior share
1.0148
Epochs settled
122
Attested on-chain
100%
Settlement asset
USDC
Technical
The infrastructure underneath
One tranche core, cross-chain settlement and permissioned token rails. The sovereign product is the first thing built on it.
The accountable-NAV pipeline
Questions
If the bonds yield 14–16.25%, why does Senior get 6%?+
Because Senior is paid first and Junior is not. Senior trades upside for priority at a fixed rate; Junior absorbs losses first and keeps whatever remains after Senior is made whole.
Is Senior principal protected?+
No. Senior has a priority claim, not a guarantee. Junior capital absorbs portfolio losses before Senior is affected, but losses beyond the Junior layer reach Senior.
Are you actually holding Uzbek and Kazakh bonds?+
Not yet. The current deployment runs on Base Sepolia with mirrored adapters that simulate the sovereign portfolio. Mainnet will connect regulated custody and bond execution partners.
Who can invest?+
Wallets with a Coinbase verification attestation from an eligible jurisdiction. Eligibility is checked on-chain; there is no manual approval list.
How do redemptions work?+
Asynchronously, per epoch. You request a redemption, the hub values the portfolio and runs the waterfall, and settlement pays out in USDC.
Sovereign yield, settled in USDC
Pick Senior for a fixed priority claim, or Junior for the residual.
Base Sepolia testnet. The sovereign portfolio is simulated — no real bonds are currently held. Nothing here is an offer or financial advice.