What is SPICE pUSD Vault?

SPICE is developing the SPICE Protocol, which aims to create a decentralized underwriting engine for securing real-world assets (RWAs). The protocol seeks to address the traditional investment structures that involve complex due diligence and a reliance on trust.

The SPICE Protocol incorporates an insurance system that utilizes algorithmic principal protection. This model is designed to resemble risk-based tranches typically utilized by institutional investors, offering an alternative approach to investment security. Further details on founding year and governance model are not specified.