Every position opens with a licensed third-party appraisal matched to the asset class — a certified-residential appraiser for a home, or a USDA, Farm Credit System, or certified-general farm-real-estate appraiser for land and farm improvements. Investment and second-home positions can alternatively be supported by a recognized broker opinion of value. That appraisal locks in as the on-chain floor for the position until the next scheduled review, so the figure backing the token is always inspectable, not a number Plinth picks.

Asset-Secured Liquidity Model

Each asset class carries its own maximum loan-to-value ratio, generally 50–70% of the asset’s conservative eligible value. The exact ceiling depends on the asset’s liquidity, risk, valuation quality, and market conditions.

Positions are reviewed annually and after defined events, using verified appraisals and insurance information where appropriate. Insurance replacement value may be considered but is not treated as market or liquidation value without a conservative adjustment.

Twenty percent of the minted USDC is held in a segregated redemption reserve, tracked by asset and used only for redemptions and approved sale or trade settlement. It is not a shared, high-risk liquidity pool.

If a revaluation causes a position to exceed its LTV ceiling, additional minting is paused and the holder receives a defined grace period to repay, provide additional support, or exit at the current settlement value. No silent clawback or automatic devaluation occurs.

Plinth does not take title to the underlying asset. Its interest is a documented security interest or contractual claim against the financed position, subject to senior liens and applicable law. Tokens represent a claim tied to the position—not ownership of the home, land, or other asset.

If an asset is sold or foreclosure occurs, the claim follows the position and is settled according to a clearly defined proceeds waterfall. Tokens may be redeemed, canceled, or transferred only where legally enforceable and accepted by the relevant parties.

Plinth is a Profit sharing model Users recieve yield from 80% of minted tokens Plinth recieves yield from 20% of users minted tokens anually.

If a asset is sold the minted stable coins transfer to new owner.

Users are resposible for any fees incured for minting stable coins, appriasals, insurance prmiums. 

The path runs through appraisal ingestion, equity-gap calculation, on-chain floor lock, capital deployment, and the next yield cycle settling before USDC routes to a wallet — typically days to a couple of weeks rather than minutes, and the timing varies by asset class. Residential and investment-home positions move fastest; farmland and operating-line positions take longer because the appraisal and the underwriting steps are heavier. USDC is sourced from established on-chain money markets — Aave v3 USDC, Compound v3 USDC, and Morpho Aave v3 USDC — so the settlement leg itself is a matter of minutes once the position is approved.

Owner-occupied and investment homes, farmland and farm improvements, business equipment, fine art and collectibles, and collector cars all qualify; the four segment pages — for-homeowners, for-farmers, for-business-equipment, for-art-collectors, and for-collector-cars — cover each in plain language. What doesn’t qualify is anything without both a credible appraisal and a working insurance product, so the bar is asset-class plausibility rather than a fixed list. If your asset doesn’t fit one of those segments, the help page links out to how Plinth reads appraisals and insurance across unfamiliar asset classes.