Architecture

A dive into Theo's Stablecoin Network architecture

Overview

Theo is a collection of onchain contracts and offchain systems that work together to unlock capital efficiency at scale for onchain market participants. At it's core, Theo is composed of 4 core components:

Component	Onchain/Offchain	Description
thUSD	onchain	The stablecoin forming Theo's global balance sheet across chains. Balance sheet liquidity can be used by whitelisted applications who post approved forms of collateral.
Deposit Vault	onchain	Entrypoint into Theo. Apps and users can deposit assets into a deposit vault in order to use Theo.
Risk Engine	offchain	A module that calculates account healths in real-time. The risk engine is being run within the Theo Node.
Accounting Engine	offchain	A module that nets out credits and debits for all accounts in real-time. Like the risk engine, the accounting engine runs within the Theo Node.

Technical Roadmap

Item	Schedule	Status
Audits for Straddle	2024 Q3	✅
Private beta for Straddle	2024 Q4	✅
Public launch of Straddle	2024 Q4	✅
Audits for thUSD	2024 Q4	in progress
Private beta for thUSD	2024 Q4	in progress
Public launch of thUSD	2025 Q1
thUSD integrations with external applications	2025 Q1
Full Mainnet Launch	2025 Q1