> ## 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.
# For Users
> Earn on the stablecoins you already hold, issue your own assets, and choose how much risk sits behind either.
#### Reflect for Users
Reflect gives you three things you can use directly: interest on stablecoins you already hold, markets that let you raise or lower the risk behind any yield-bearing asset, and the ability to issue an asset of your own.
All three are permissionless. There is no account to open and no approval to wait for. Your assets stay in your wallet, and nobody, including Reflect, can move them, change where they are allocated, or stop you redeeming.
#### Earn
Deposit an industry-leading stablecoin and receive its plus asset: the same dollar, now earning interest. Your balance grows for as long as you hold it, and you can redeem back at any time.
* **No lockups.** Redeem back to the underlying stablecoin at any time.
* **Risk-adjusted rates.** Allocation follows a methodology built with [Blockworks Advisory](https://www.blockworksresearch.com/advisory) and published in full, so you can see why your money sits where it does.
* **Transparent down to the market.** Every venue holding your reserves is visible onchain.
Supported stablecoins, current rates, and how allocation is decided.
#### Protect
Any yield-bearing asset can be split into two markets, senior and junior. Senior pays part of its interest to junior. In exchange, junior absorbs losses first.
* **Hold senior** for a lower rate with a cushion beneath it, if you care more about protecting your balance than maximising it.
* **Hold junior** for an amplified rate, if you are willing to take the first loss to get it.
You can tranche Reflect's own plus assets or any other supported yield-bearing asset.
Live markets, protection ratios, caps, and how the loss waterfall works.
#### Create
Issue your own yield-bearing asset, backed by collateral you choose from across the Solana network, including tokenised treasuries, equities, funds, plus assets and Protect senior positions.
* **As a stablecoin,** if you want to issue a dollar for yourself or a community.
* **As an index,** if you want to hold a basket of assets as a single token and track it in one place.
Available collateral, how backing works, and issuing your first asset.
#### How Your Funds Are Held
Reflect does not take custody of anything. Allocation follows published rules and runs automatically, so there is no administrator who decides where your money goes, no strategy that can be rewritten while you hold it, and no party who can delay or refuse a redemption.
*This is the reason Reflect can offer these products openly rather than only to approved institutions.*
Every plus asset, what backs it, and where its reserves sit.
Start earning on the stablecoins you already hold.
Common questions about rates, redemption and risk.
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