Copra is the on-chain debt market for on-chain entities.
The first use case of Copra is to help DeFi protocols raise protocol-managed liquidity that they can flexibly deploy to promote growth and enhance income, via loan that is capital efficient (not overcollateralized).
For lenders, the loan is an opportunity to get organic fixed yield from a lending strategy that is
Fully secured on-chain vialiquidity warehouse mechanism that takes full custody of the loan by enforcing boundaries of liquidity utilization, and
Backed by borrower's protocol resources including deposits posted by the protocol treasury and revenue escrow mechanism that redirects protocol income to buffer up the loan.