Web3 introduces another possibility: some of the most important rules can be placed in a smart contract and executed on a public blockchain. A smart contract reverses part of that relationship. It describes itself as a digital mutual-financing platform whose first protocol is Smart Cycle. In practical terms, it is the amount above the original Support Amount that a participant may receive under the selected Smart Cycle rules. Smart Cycle is therefore not equivalent to a bank deposit or a fixed-income product.