Plume Network’s nOPAL vault is now live on Avalanche, giving DeFi users access to foreign exchange-hedged Brazilian credit card receivables. The product offers yields in the 8% to 12% APY range depending on market conditions, with no KYC requirements and no redemption fees.
What nOPAL actually does
When Brazilian consumers swipe their credit cards, the merchants who accepted those payments are owed money. Those future payments, or receivables, can be bundled and sold to investors as a form of short-duration credit. The FX hedging part means the currency risk between Brazilian reais and US dollars is managed, so investors aren’t accidentally betting on emerging market forex.
BlackOpal Finance handles the origination and structuring of those underlying receivables. Plume Network then wraps them into the nOPAL vault, which users can access by depositing USDC or pUSD through Plume’s Nest platform. The vault mints a token representing the investor’s share of the pool.
On Plume’s own mainnet, the nOPAL pool has accumulated approximately $42.7 million in total value locked, with a supply APY sitting around 8.4%. The Avalanche deployment now extends that same product to a new blockchain ecosystem.
