Concrete Protocol DeFi

Concrete Protocol is a multi-chain decentralized finance platform for on-chain borrowing, lending, yield generation and structured credit products. Its core retail-facing product, Concrete Earn, lets depositors place assets into ERC-4626 tokenized vaults that automatically allocate, rebalance and compound yield across multiple DeFi protocols; depositors receive ct[ASSET] vault shares (for example ctETH) representing their position, which can be used as collateral or staked within the Concrete ecosystem. Alongside yield, the platform markets liquidity protection: Concrete Borrow routes users to lending rates across money markets such as Aave, Radiant, Silo and Compound with gas fees covered and a unified cross-chain portfolio view, while Concrete Protect adds credit lines deployed in tranches that improve a loan's loan-to-value ratio and buffer positions against liquidation for a fee, with residual assets returned if all tranches are exhausted.

The protocol is developed by Blueprint Finance. On the institutional side, Concrete positions itself as on-chain infrastructure for generating yield on any asset on any chain, with an Enterprise offering for industry participants and AssetCX, a product under which assets can remain in the custody of centralized custodians — the site lists options including Anchorage, BitGo, Ceffu, Coinbase, Cobo, Copper, Fireblocks, Hex Trust, Zodia and Binance — while earning yield on Concrete infrastructure. Supported asset categories advertised include BTC, ETH, SOL and stablecoins such as USDT, USDC and USD1.

Founding story

Concrete Protocol was created in response to the 2022 FTX collapse, which caused large losses for traders, with the stated aim of providing a safer environment for crypto trading and investment. It was developed by Blueprint Finance, whose CEO and co-founder Nic Roberts-Huntley previously served as a vice president at a US venture capital firm and holds an MBA from the University of Oxford, and whose co-founder Dillon Lang previously worked in venture capital raising funds for businesses and graduated from the University of California, Los Angeles.

Business model

The protocol earns from on-chain financial products: automated yield vaults that allocate capital across DeFi strategies, and liquidation-protection credit lines activated by borrowers for a fee. It also markets an enterprise-grade institutional offering and a custodian-integrated yield product (AssetCX) accessed through direct enquiry.

Concrete Protect is activated by borrowers paying a small fee for liquidation protection; Concrete Earn is presented to liquidity providers as yield optimization without additional fees, and Concrete covers gas fees on loans initiated through Concrete Borrow.

Traction

The company reports $902.3 million of assets on platform and $11.25 billion of assets processed. It has partnered with Morph, Berachain, Ethena Labs and Movement to create vaults within their ecosystems.

Latest developments

The website advertises new products as coming soon, alongside the AssetCX custodial yield offering and the Enterprise institutional solution, both accessed via enquiry forms.