Plyra Information

Meridian Protocol is the pre-deal analyst desk for structured credit. Describe a pool or paste a real prospectus, and the engine returns a senior / mezzanine / equity tranche structure: attachment points, subordination, breakeven loss rates, and a risk-adjusted return for each layer. Move the cumulative-loss curve and the waterfall re-runs live, so you see exactly where each tranche fails. Paste an offering document and the engine diffs the deal's claimed terms against its own structure, field by field, and hands back an agree-or-diverge verdict. No quant desk required. It exists because the structured-credit market has a floor. Below roughly $100M a deal cannot carry the trustees, rating agencies, servicers, and lawyers, so sub-scale originators get stuck doing one-off deals at retail terms, with no internal quant desk to model the tranche math and no market to lay off the credit risk. Meridian gives that analyst the desk they never had. When a structure checks out, the same numbers can settle onchain through the protocol layer: tranched vaults with an automated waterfall (Forge), onchain credit default swaps (Shield), and a cross-chain-ready margin engine (Nexus). The pre-deal work needs no wallet. The onchain rails are the second act, not the pitch. Built privacy-first on Avalanche, with encrypted positions so an institution is not publishing its book to a public chain. Live on Fuji testnet today, with a security audit before any mainnet launch. Try the Workbench, no signup: app.meridianprotocol.xyz/ai/workbench