# Fleets Documentation

## Docs

- [Traditional Fleet Financing](https://docs.usefleet.xyz/background/traditional-fleet-financing.md): Why access to vehicle capital in Africa remains broken — and why that creates the opportunity Fleets is built to address.
- [Why Fleets?](https://docs.usefleet.xyz/background/why-fleets.md): Real-world yield, uncorrelated to crypto — how Fleets connects DeFi capital to income-producing transportation assets.
- [Operator Journey](https://docs.usefleet.xyz/borrowers/operator-journey.md): How African fleet operators access Fleets financing — from eligibility to drawdown to final repayment.
- [Getting Started](https://docs.usefleet.xyz/depositors/getting-started.md): Everything you need to deposit into Fleets and start earning real-world yield — from wallet setup to your first FYC or FFC position.
- [Introduction](https://docs.usefleet.xyz/index.md): This documentation offers a comprehensive overview of our products, providing clear insights into the underlying protocol.
- [Deposit & Mint](https://docs.usefleet.xyz/protocol-overview/buy-stake.md): How depositing USDC mints FYC or FFC tranche tokens — the full deposit flow.
- [Capital Structure](https://docs.usefleet.xyz/protocol-overview/capital-structure.md): How the pool is organised — treasury-backed yield-bearing tokens as the reserve asset, the 80/20 split, and the Insurance Fund.
- [How It Works](https://docs.usefleet.xyz/protocol-overview/how-it-works.md): A complete picture of the Fleets protocol — from USDC deposit to real-world loan and back to yield.
- [Loan Mechanics](https://docs.usefleet.xyz/protocol-overview/loan-mechanics.md): How fleet operator loans are structured, calculated, and repaid — the math behind amortised vehicle financing.
- [Redemption](https://docs.usefleet.xyz/protocol-overview/redemption.md): How to exit your position — scheduled redemption (no fee) vs accelerated redemption (small fee).
- [Token System](https://docs.usefleet.xyz/protocol-overview/token-system.md): FYC and FFC — two claims on the same pool, structured to separate risk from reward.
- [Yield Model](https://docs.usefleet.xyz/protocol-overview/yield-model.md): Where yield comes from, how it flows through the waterfall, and what FYC and FFC holders actually earn.
- [FAQ](https://docs.usefleet.xyz/resources/faq.md): Frequently asked questions about Fleets — the protocol, the tokens, and the risks.
- [Risks](https://docs.usefleet.xyz/resources/risks.md): A transparent account of the risks involved in depositing into Fleets — what they are, how the protocol mitigates them, and what remains.