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@sprinter_ux
@WildcatFi
@blackopal_fi
@agra_gg
@infiniFi
@3janexyz
i stay dialed IN to these companies. they are at the frontier of onchain credit
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@definikola @agra_gg 1. You can think of this as equivalent to first loss capital. A delegated credit line setup by the issuer to purchase the debt at a discount.
2. In this case it is priced close to the borrow rate, the issuer is managing it and aligned with depositors.
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@agra_gg 1. Is there any (onchain?) execution backstop? What happens if an RWA losses 30% of its value?
2. Curious more about the incentives. Is the duration risk priced to always ensure surplus wrt borrowing fees?
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@ImperiumPaper Great minds. The carry trade problem in RWAs has been obvious for a while, just needs the right credit primitives to solve it.
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I floated a very similar idea to Optimism and Arbitrum a few months ago. It’s exciting to see someone step in to address this need to make RWAs safer to carry trade.
I never wish for bad luck, but will be waiting to see how it handles a stress test in the wild.
Great minds thing alike!
Agra@agra_gg
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This is the power of a composable credit stack.
1. ynRWAx now has first loss capital. Protected by ETH.
2. Revolving credit line. Zero origination cost. Interest only when activated.
3. Restakers earn a true risk premium, not just staking yield.
4. Capital utilization boosted on Cap, providing more yield to depositors. credit/acc
Agra@agra_gg
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@Solofunk @agra_gg @capmoney_ @YieldNestFi This is the power of a composable credit stack.
1. ynRWAx now has first loss capital. Protected by ETH.
2. Revolving credit line. Zero origination cost. Interest only when activated.
3. Restakers earn a true risk premium, not just staking yield.
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@agra_gg This is big for all parties involved.
@agra_gg bootstrapping protocol liquidity, @capmoney_ adding yield for users, and @YieldNestFi signaling confidence in their own product to users of $ynRWAx.
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Adam touches on some excellent points here. Composability and Market creation are two fundamental advantages DeFi has over legacy systems.
Adam Bawi@adam_bawi
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Heading to EthCC looking to speak to accounts I follow and who they follow making crypto great again <3
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@AuspiciousToad @agra_gg agreed, we need to accelerate supported collateral in DeFi. A well designed secondary market will drive this.
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Agra is building on top of Cap, adding a credit facility to provide liquidity for our delegator vaults with the first being @YieldNestFi.
Bringing optionality to delegator yield is how we build the next generation of money legos that’s more robust than the last.
Learn more 👇
Agra@agra_gg
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RWAs (illiquid tokenized strategies in general) are attracting some innovation in liquidation paths in DeFi in terms of structuring the async/non-atomic redemptions.
Think @3f_xyz is kinda already doing this (basically liquidation market making for a fee) but it's fair to expect more complex systems than a simple entity willing taking the redemption risk (like a matching system for borrowers and liquidators, for a fat fee ofc) is gonna pop up soon.
Nadiem Sissouno@nad_roid
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@cryptovlat @sjdedic Onchain credit is moving from pooled design to free market structure. Credit is becoming a tradable primitive.
The next 18 months are going to be huge in terms of collateral support acceleration and how credit is structured.
Couldn’t be more bullish.
toki@0xtoki_
We are building an exchange for the issuance and trading of credit.
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Sadly, I agree with this take.
Most crypto natives have either lost interest, are burned out or just quietly exited.
My timeline now is mostly politics, AI and Pokémon cards.
Bullish.
IcoBeast.eth🦇🔊@icobeast
Find myself spending less and less time here. Crypto content has basically gone to 0. Most crypto accounts have switched to normieslop or techslop or claude-written articles that are 700 words of empty nothingness about something random. Barely ever see my friends’ posts because of all the constant algo changes, and there’s always some random person in my replies asking if a screenshot of a trade setup is an undisclosed shill 💀 Overall just an utterly terrible user experience. This place was awesome 6 months ago (and even last month wasn’t too bad), but the last few weeks on here have been almost unusable
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QME
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One of the biggest hesitations for fixed rate lenders: being locked in.
That changes today. @Agra_gg gives Term lenders a secondary market to exit early, trade out of positions, and redeploy capital — without waiting for maturity.
Fixed rate lending just got a lot more flexible.
Check this out for more details 👇
Agra@agra_gg
Today we're launching our first fixed rate credit market, in partnership with @term_labs. In traditional finance, repo markets move trillions daily. Fixed rate loans with a defined maturity. One of the most liquid instruments in the world. This market is moving onchain. Agra is the primary market for Term Finance's tokenized credit. Fixed term loans with a defined yield. Buy exposure. Exit early. Price discovery, onchain. @term_labs is seeding this market from their treasury. Agra is the exchange. This is what the repo market looks like onchain.
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