3F

What 3F does

3F is an Ethereum-based, non-custodial DeFi protocol purpose-built to deliver leveraged exposure to tokenized real-world assets (RWAs). Users select a tokenized asset vault, set a leverage ratio (up to 17×), and the protocol coordinates flash loans, bridge facilitators, and liquidations behind the scenes to manage positions in real time. The protocol operates as 3F Tropical S.A., incorporated in Panama with an arbitration seat in Panama City, and shows operational presence in Brno, Czech Republic. The founding team is led by co-founder Romeo Ravagnan, with Sonya Sun Kim as a public-facing representative.

The protocol's product surface consists of three components: (1) tokenized asset vaults for leveraged RWA exposure, (2) Morpho-powered lending vaults where users deposit USDC/USDT to earn yield against RWA collateral with transparent risk parameters and no lock-ups, and (3) Bridge Facilitation, an onchain fixed-rate primitive launched April 28, 2026 that coordinates bridge services and liquidations for permissioned institutional participants. The protocol is currently in private beta on Ethereum mainnet (Q2 2026) with $12.5M total exposure, 3 supported assets, and a maximum advertised yield of 21.15%. Distribution occurs through a self-serve web application (app.3f.xyz), direct Morpho vault access, and a whitelisted front-end for institutions.

3F serves two customer segments: retail depositors seeking leveraged RWA exposure or stablecoin yield without centralized intermediaries, and institutional participants (prime brokers, liquidators) requiring permissioned access to contribute bespoke liquidity for bridge and liquidation flows. Revenue is generated through protocol fees displayed at the interface, supplemented by user-borne blockchain gas costs; specific fee economics are not publicly disclosed. The company has raised approximately $4M across two funding rounds — a $750K pre-seed from Steakhouse Financial in July 2025 and a $4M seed round led by Maven 11 in 2026 with participation from F-Prime, Metalayer Ventures, GSR, Susquehanna Crypto, and Gate Ventures. Go-to-market is product-led with a 0.01 ETH wallet-balance gating mechanism and content marketing via X (Twitter) and the protocol blog.

Name

3F

Legal name

3F Tropical S.A.

Website

https://3f.xyz

Company type

Private

Founded year

2026

Operating status

Operating

Headcount range

1–10 employees

Short description

3F is an Ethereum-based DeFi protocol enabling leveraged exposure (up to 17×) to tokenized real-world assets through smart contract vaults, plus stablecoin yield via Morpho-powered lending vaults. It serves retail depositors and institutional participants from a private beta on Ethereum mainnet.

Ownership category

akta.pro rank

Product category

Decentralized Finance Protocol

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Other Investment Pools and Funds (5259)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)

akta.pro primary industry

Decentralized Lending & Borrowing Protocols (FSADAMAA)

akta.pro secondary industries

Yield, Vaults & Asset Management (vault strategies, robo-vaults, structured yield) (FSAPAEAG), Lending Protocol Infrastructure (Oracles, Rate Models, Vaults) (FSADAFAN), Institutional DeFi & On-Chain Liquidity Infrastructure (Permissioned DeFi, Lending) (FSAGAMAG)

Keywords

• Tokenized real-world assets
• Decentralized lending protocol
• Leveraged RWA exposure
• Onchain flash loans
• Stablecoin lending vaults

Headquarters

HQ city

Brno

HQ country

Czechia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Protocol Fees: 3F or its affiliates may charge fees for services available through the interface. The specific fee structure is displayed through the interface at the time of access. Users also incur blockchain/gas fees for transactions.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

3F is a non-custodial Ethereum-based DeFi protocol that enables leveraged exposure to tokenized real-world assets (RWAs) through smart-contract-governed vaults. The protocol coordinates flash loans, bridge facilitators, and liquidations behind the scenes so users can select a tokenized asset vault, set leverage, and manage positions. It also operates Morpho-powered stablecoin lending vaults (USDC/USDT) that earn yield by lending against RWA collateral, and offers a Bridge Facilitation primitive for institutional participants.

Product overview

3F is a blockchain protocol for leveraging Real-World Assets (RWAs) on-chain. The core offering consists of tokenized asset vaults that enable leveraged RWA exposure, coordinated with Morpho-powered stablecoin lending vaults for earning yield. A Bridge Facilitation feature provides onchain fixed-rate primitives for institutional participants. The protocol is currently in private beta on Ethereum mainnet (Q2 2026), with $12.5M total exposure, up to 17× leverage, and up to 21.15% yield across 3 assets. 3F serves both retail depositors seeking yield and institutions requiring permissioned liquidity through whitelisted access.

Differentiator

Problem solved

Functional benefit

Products and services

• 3F Protocol (Leveraged RWA Vaults) A non-custodial blockchain protocol that lets users obtain leveraged exposure to tokenized real-world assets by selecting a tokenized asset vault and setting a leverage ratio; smart contracts coordinate flash loans, bridge facilitators, and real-time liquidations. Targeted at retail depositors and leverage takers on Ethereum.
• Morpho-Powered Lending Vaults Lending vaults that allow users to deposit stablecoins (USDC/USDT) and earn yield by lending against real-world asset collateral. Integrated with Morpho's vault system with transparent risk parameters, no lock-ups, and highly liquid positions. For lenders seeking yield on stablecoins.
• Bridge Facilitation An onchain fixed-rate primitive that coordinates bridge services and liquidation facilitation for institutional participants, enabling permissioned liquidity flows. Targeted at prime brokers, liquidators, and institutional counterparties.

Quantifiable outcome

• Max yield of 21.15%
• +3 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature4 records

Partnerships

Two partnerships are on record, tiered core.

• MorphocoreTechnology or IntegrationMorpho powers the lending infrastructure for 3F's stablecoin vaults. Users deposit USDC/USDT into Morpho-powered lending vaults to earn yield from protocol activity. 3F integrates with Morpho's vault system (e.g., 3F x Steakhouse USDC vault at address 0xBEEf3f3A04e28895f3D5163d910474901981183D).
• Steakhouse FinancialcoreTechnology or IntegrationSteakhouse Financial provides the underlying real-world asset collateral for one of 3F's tokenized vaults. The 3F x Steakhouse USDC vault on Morpho enables lending against Steakhouse's RWA collateral.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Centrifuge: Centrifuge is a leading RWA tokenization protocol that brings off-chain receivables and invoices onchain. It is a peer in the RWA infrastructure stack and integrates with lending protocols in a similar manner to 3F's vault architecture.
• Aave: Aave is the largest decentralized lending protocol, with growing RWA collateral support (via Aave Arc/GHO) and integrated leverage products. It competes with 3F for RWA-backed lending yield and leveraged positions on Ethereum.
• Morpho: Morpho is the leading decentralized lending protocol that powers 3F's stablecoin lending vaults. While 3F integrates Morpho for lending, Morpho's broader vault ecosystem competes with 3F for RWA-backed lending and institutional liquidity.
• Euler Labs: Euler is a modular lending protocol with sub-accounts and ERC-4626 vaults. It enables leveraged positions on Ethereum and offers RWA support, positioning it as a direct competitor to 3F's leveraged vault architecture.
• Maple Finance: Maple is an institutional credit-focused DeFi protocol offering RWA-backed lending and undercollateralized loans. It overlaps with 3F's institutional use case and competes for permissioned liquidity provision in tokenized credit markets.
• Compound: Compound is a foundational Ethereum lending protocol with RWA collateral via Morpho Blue and Compound III integrations. It competes with 3F's stablecoin lending yield offering and serves overlapping institutional and retail user segments.

Emerging players

• Spark Protocol: Spark is Sky/MakerDAO's RWA-focused lending product, directly competing for RWA-backed stablecoin yield. Both protocols route through Morpho-style vault infrastructure and target similar retail-to-institutional user segments.
• Goldfinch: Goldfinch is a decentralized credit protocol focused on real-world lending in emerging markets. It is a comparable RWA lending primitive and competes for institutional capital seeking tokenized real-world credit exposure.

Broad incumbents

• Sky (formerly MakerDAO): Sky/MakerDAO is the largest RWA-holding DeFi protocol with billions in tokenized T-bills and real-world credit. It competes broadly with 3F for RWA-backed yield and has launched Spark as its dedicated lending arm.

Others

• Steakhouse Financial: Steakhouse Financial is a yield strategy provider and 3F's RWA collateral partner (powering the 3F x Steakhouse USDC vault). It is adjacent infrastructure enabling 3F's lending feature and operates in the same Morpho vault ecosystem.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/3f_xyz

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds2 records

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about 3F