> ## Documentation Index
> Fetch the complete documentation index at: https://docs.reflect.money/llms.txt
> Use this file to discover all available pages before exploring further.

# FAQs

> Common questions about Reflect, its products, and the risks involved.

### General

<AccordionGroup>
  <Accordion title="What is Reflect?" icon="question">
    Reflect is infrastructure for building with stablecoins. It lets you earn on stablecoins you already hold, launch your own yield-bearing asset, and tranche the risk of either, all through a single API.
  </Accordion>

  <Accordion title="Does Reflect issue its own stablecoins?" icon="question">
    **No.** Reflect does not create new dollars and is not a stablecoin issuer. Plus assets are wrapped, yield-bearing versions of stablecoins that already exist, issued entirely by onchain programs rather than by a company. Reflect provides the infrastructure that performs the wrapping.
  </Accordion>

  <Accordion title="What blockchain is Reflect available on?" icon="question">
    Solana. Applications built on Reflect can offer plus assets to their own users without those users ever handling a wallet.
  </Accordion>

  <Accordion title="Does Reflect hold my funds?" icon="question">
    No. Deposits are held by onchain programs, not by Reflect. Nobody can withdraw your funds, redirect them, or stop you redeeming.
  </Accordion>

  <Accordion title="Is Reflect affiliated with Circle or Tether?" icon="question">
    Reflect is a [Member of the Circle Alliance](https://partners.circle.com/partner/reflect-money), but is not affiliated with or endorsed by Circle Inc, Tether, or any other issuer. They are entirely separate entities.
  </Accordion>

  <Accordion title="What are the official Reflect channels?" icon="question">
    Reflect operates publicly through X only, at [@reflectmoney](https://x.com/reflectmoney). We do not operate an official Discord, Telegram, Bluesky, LinkedIn, or any other platform not listed here.
  </Accordion>

  <Accordion title="Can I work at Reflect?" icon="question">
    Looking to join the team? See our [jobs page](https://jobs.reflect.money).
  </Accordion>
</AccordionGroup>

### Earn

<AccordionGroup>
  <Accordion title="What is a plus asset?" icon="question">
    A plus asset is a stablecoin you already hold, wrapped so that it earns interest. Deposit USDC and you hold USDC+, which is worth slightly more than USDC and grows over time.
  </Accordion>

  <Accordion title="Which stablecoins can I earn on?" icon="question">
    USDC and USDT. Additional yield-bearing assets are available through Protect's tranche markets.
  </Accordion>

  <Accordion title="Where does the interest come from?" icon="question">
    Plus asset reserves are supplied to overcollateralised lending markets on Solana, including Kamino and Jupiter, where borrowers pay interest for liquidity. Allocation follows a risk-adjusted methodology built with [Blockworks Advisory](https://www.blockworksresearch.com/advisory) and published in full.
  </Accordion>

  <Accordion title="How do I receive my interest?" icon="question">
    Plus assets appreciate in value. You keep the same number of tokens and each one becomes worth more, so there is nothing to claim.
  </Accordion>

  <Accordion title="Can I withdraw at any time?" icon="question">
    Yes. Deposits and redemptions are instant and atomic, with no lockups and no notice period.
  </Accordion>

  <Accordion title="How does Reflect show interest rates?" icon="question">
    Reflect shows the real-time rate, derived from interest actually generated on a second-by-second basis. Trailing averages can flatter a rate that has already changed, so we do not use them.
  </Accordion>

  <Accordion title="Is there a limit on how much I can deposit?" icon="question">
    Each plus asset has a supply cap. Current caps, supply and remaining capacity are available from the `/stablecoin/limits` endpoint.
  </Accordion>

  <Accordion title="Is USDC+ as safe as USDC?" icon="question">
    No. A plus asset carries the risk of every lending market its reserves are supplied to, on top of the risk of the underlying stablecoin. Treat it as a higher-risk asset than the stablecoin it wraps, and read the [strategy page](https://docs.reflect.money/strategies/USDC) before depositing.
  </Accordion>
</AccordionGroup>

### Create

<AccordionGroup>
  <Accordion title="What can I launch with Create?" icon="question">
    Your own yield-bearing asset. Issue it as a branded stablecoin for your app or community, or as an index token that holds a basket of assets in one place.
  </Accordion>

  <Accordion title="What can back the asset I create?" icon="question">
    Collateral from across Solana, including plus assets, Protect senior positions, tokenised treasuries, equities and funds.
  </Accordion>

  <Accordion title="Do I earn anything from issuing it?" icon="question">
    Yes. You set your own share of the interest when you create the asset, and claim it whenever you like.
  </Accordion>

  <Accordion title="Can holders redeem at any time?" icon="question">
    Yes. Issue and redeem happen atomically against the underlying collateral, with no queue and no cooldown.
  </Accordion>

  <Accordion title="Can my asset pay interest to wallets instead of appreciating?" icon="question">
    Yes. Issuers can choose to stream interest directly to holders' wallets rather than have the token appreciate in price. This suits payroll, liquidity pools, and jurisdictions that treat price appreciation differently.
  </Accordion>
</AccordionGroup>

### Protect

<AccordionGroup>
  <Accordion title="What does Protect do?" icon="question">
    It splits a yield-bearing asset into two markets, senior and junior. Senior pays part of its interest to junior. In exchange, junior absorbs losses first.
  </Accordion>

  <Accordion title="Should I hold senior or junior?" icon="question">
    Hold **senior** for a lower rate with a cushion beneath it, if protecting your balance matters more than maximising it. Hold **junior** for an amplified rate, if you are willing to take the first loss to get it.
  </Accordion>

  <Accordion title="Can I lose money?" icon="question">
    Yes. Junior positions are designed to absorb losses before senior positions do, so a loss on the underlying asset reaches junior holders first. Senior is protected only up to the size of the junior tranche beneath it.
  </Accordion>

  <Accordion title="Can I withdraw at any time?" icon="question">
    Senior positions can be redeemed at any time. **Junior positions have a cooldown**: you request a redemption, wait out the period set by that market, then execute it. Cooldown length is published in each market's configuration.
  </Accordion>

  <Accordion title="What can be tranched?" icon="question">
    Reflect's own plus assets, third-party vaults and any other supported yield-bearing asset, including assets created with Create.
  </Accordion>

  <Accordion title="How do I know how much protection senior has?" icon="question">
    Each market publishes a coverage ratio comparing junior and senior size. The larger the junior tranche relative to senior, the more loss senior is shielded from.
  </Accordion>
</AccordionGroup>

### Risk and Security

<AccordionGroup>
  <Accordion title="Have the contracts been audited?" icon="question">
    Yes, by Offside Labs and Adevar Labs, covering Reflect Core, yield routing, the whitelabel program and tranches. Every report is public in our [audits repository](https://github.com/palindrome-eng/audits).
  </Accordion>

  <Accordion title="Are deposits insured?" icon="question">
    No. Rather than operate an insurance fund, Reflect runs open tranche markets where anyone can price the risk of a yield-bearing asset. If you want downside protection, hold a senior position and let junior holders absorb the first loss.
  </Accordion>

  <Accordion title="What are the main risks?" icon="question">
    Smart contract risk on every program involved, the risk of each lending market reserves are supplied to, interest rates that move with market conditions, and the risk of the collateral itself. Read the [risk framework](https://docs.reflect.money/risk) before depositing.
  </Accordion>

  <Accordion title="How is collateral chosen?" icon="question">
    Assets are reviewed before they can back anything on Reflect, scored on liquidity, issuer reliability and availability across venues. Only assets that clear the top of that scale are accepted.
  </Accordion>
</AccordionGroup>

### Building on Reflect

<AccordionGroup>
  <Accordion title="Where do I start?" icon="question">
    The [developer guide](https://docs.reflect.money/developers) covers the SDKs, the REST API, and how to point your AI tooling at the current spec.
  </Accordion>

  <Accordion title="Do my users need wallets?" icon="question">
    No. Reflect can manage accounts and keys for your users, and you can sponsor their network fees, so nothing about the experience needs to feel like crypto.
  </Accordion>

  <Accordion title="Is there a test environment?" icon="question">
    Yes. `dev.api.reflect.money` mirrors production, and some products are available there first.
  </Accordion>

  <Accordion title="How do I get an API key?" icon="question">
    Initialize your integration, then reveal your key with a signature from your integration authority. Keys can be rotated at any time. See [getting access](https://docs.reflect.money/developers).
  </Accordion>
</AccordionGroup>

<Card title="I don't see the question I wanted answered" icon="comment" href="https://x.com/reflectmoney">
  DM us [@reflectmoney](https://x.com/reflectmoney) on X.
</Card>


This documentation is built and hosted on [Mintlify](https://mintlify.com), a developer documentation platform.