The Vision

Assets become asset classes when capital markets form around them: when they can be measured, described in a common language, financed, structured, and unwound. Cusp's thesis is that event-driven assets do not need a lending product adapted to them. They need a capital market constructed for them.

The apparatus

A capital markets layer is a set of connected pieces, not a single product. For event-driven collateral that means measurement that produces a defensible value, a common standard that makes positions legible to any underwriter, financing for the settlement gap, structured capital with explicit seniority, credit written to the collateral's actual behavior, and a liquidation venue that clears it. Each piece is documented under the Protocol section.

Infrastructure, not application

The durable asset is not any one of those products. It is the position standard and the falsifiable record behind it. Every value the system publishes is checkable against the outcome that realized, so the standard accumulates a public track record that compounds in value as it grows. That record is what lets external lenders and builders underwrite against Cusp without trusting it.

Beyond prediction markets

The same apparatus extends to any short-maturity claim that resolves against a contractual source and settles after the fact, not only the contracts traded on today's prediction-market venues. Cusp is designed for that broader class of outcome-contingent assets. The organizing principle is constant: for collateral that reprices in jumps and loses liquidity when it matters, solvency has to be arranged before the drawdown, not recovered after it.