UnblockEquity

UnblockEquity is a platform that enables homeowners to access their real estate equity as USDC through DeFi lending on Base L2. It uses tokenized lien collateral backed by county-recorded junior liens, allowing asset-based borrowing without traditional credit checks. Homeowners configure terms across three axes (verification level, breathing room escrow, and recovery rights) to access liquidity in days rather than months.

Yield is generated through lending pools (called Morpho vaults) where people deposit USDC to lend to homeowners who want to borrow against their home equity.

The yield has two parts:

1. A base rate of 7.5% for depositors. This comes from the 8.0% interest borrowers pay, minus 0.5% that covers the platform's costs.
2. A risk premium added on top. Riskier borrower profiles pay higher interest rates. Of the expected loss from defaults (calculated as probability of default × loss given default), 25% is passed to depositors as extra yield.

Three factors create 24 different loan types, each with its own risk and yield:

• Verification level (Verified, Prime, or Standard) – affects how likely the borrower is to default.
• Breathing room escrow (3‑month, 6‑month, 12‑month, or none) – sets the loan‑to‑value ratio and provides a buffer for missed payments.
• Recovery right (with or without foreclosure) – determines how much is lost if the borrower defaults.

Across all combinations, the net yield for depositors ranges from 7.50% to 9.26%. Higher‑risk loans offer higher yields.

All loans are backed by county‑recorded junior liens on U.S. residential properties. Home values are estimated by the ATTOM property‑data oracle. Loans are overcollateralized—they are for less than the home's value, with equity safety cushions of 37.5% to 55%.

No investors or funding rounds are disclosed on UnblockEquity's official website or documentation. The platform appears to be founder-led (Vladimir Mirzoyan) and uses a DeFi model where liquidity is sourced from depositors into Morpho vaults rather than traditional equity investment. The team page indicates an advisory board is being assembled but no named investors or backers are mentioned.