> ## Documentation Index
> Fetch the complete documentation index at: https://docs.bizfi.bitsave.io/llms.txt
> Use this file to discover all available pages before exploring further.

# User & Business Flows

> This documentation provides high-level user and business interaction flows within the BizMarket ecosystem.

### Business Onboarding / Listing Flow

Businesses undergo a structured onboarding and verification process before a BizMarket instrument is offered.

Key Steps:

1. **Application Submission** — Business submits required information and supporting documents through the onboarding interface.
2. **Eligibility & Compliance Review** — The protocol's compliance and risk teams assess sector suitability, revenue profile, and perform KYB checks.
3. **Instrument Structuring** — Terms (instrument type, amount, tenure, payout cadence) are defined and presented to investors.
4. **Listing Publication** — The offering is published on BizMarket with onchain parameters and investor-facing disclosures.

***

### Investor Onboarding & Limits

Investor participation is mediated by product-specific limits that are enforced onchain.

Key Steps:

1. **Wallet Connection** — Participant connects an external wallet or provisioned account.
2. **Stablecoin Deposit** — Participant deposits supported stablecoins and completes any required eligibility checks.
3. **Onchain Capacity Enforcement** — Smart contracts enforce participation limits based on account status, product rules, and jurisdictional restrictions.
4. **Market Access** — Participant may browse and acquire BizShares within their permitted capacity.

***

### Primary Market Purchase Flow

Primary purchases allocate capital to BizMarket instruments and mint BizShares representing investor positions.

Key Steps:

1. **Selection & Review** — Investor reviews listing details and risk disclosures.
2. **Commitment** — Investor commits stablecoins for the selected allocation.
3. **Onchain Settlement & Issuance** — Once sale conditions are met, BizShares are issued onchain to the investor's address.

***

### Secondary Market Exit (BizSwap) Flow

Supported BizShares exit through BizSwap, the protocol-managed liquidity mechanism that provides a controlled settlement option.

Key Steps:

1. **Exit Request** — Investor initiates an exit request via BizSwap.
2. **Eligibility Verification** — Protocol verifies instrument status and eligibility criteria.
3. **Settlement** — Investor returns BizShares to the protocol and receives stablecoins per the exit formula (including any exit fee).

***

### Liquidity Provision

External liquidity providers supply stablecoins to protocol-designated pools to support financing cycles and BizSwap exits.

Key Steps:

1. **Contribution** — Provider deposits stablecoins into a liquidity pool.
2. **Pool Exposure** — Provider's contribution is represented according to pool rules and entitles them to defined fee shares.
3. **Incentives & Returns** — Returns are generated from protocol fee distributions and exit-fee sharing.

***

### Repayment & Distribution

Businesses remit repayments, revenue shares, or sovereign coupon proceeds which are ultimately used to fund onchain distributions to investors.

Key Steps:

1. **Business Payment** — Business remits payments as required by the instrument terms.
2. **Funds Receipt & Verification** — Protocol acknowledges receipt and verifies amounts.
3. **Onchain Distribution** — Verified funds are made available for onchain distribution; smart contracts allocate payouts to BizShare holders per their entitlements.
4. **Investor Receipt** — Investors receive stablecoins on the defined payout cadence.

***

### Referral & Agent Flow

Referral mechanisms and agent programs facilitate acquisition and onboarding; attribution and rewards are applied per program rules.

Key Steps:

1. **Referral Registration** — Agents or users register and receive referral identifiers.
2. **Referred Onboarding** — New participants register using referral links or codes.
3. **Attribution & Rewards** — Program rules determine rewards or fee adjustments for successful referrals.

***

### Compliance (KYC / KYB)

Compliance requirements vary by participant type and jurisdiction. Business listings require KYB; investor KYC requirements may vary by product or jurisdiction.
Key Points:

* **Businesses:** Mandatory KYB, document submission, and identity verification prior to listing.
* **Investors:** Standard onchain participation does not universally require protocol-level KYC; additional verification may be required for certain products or jurisdictions.