Exponent

A New Standard for Onchain Asset Management DeFi opportunities have grown more sophisticated, with new asset types, yield products, and strategies. For onchain finance to remain accessible, users need a simpler way to access it We built Exponent Strategy Vaults to solve this ↓

Three loops live on @kamino. Currently yielding over 11% APY. The Solstice Yield Looping Vault now runs: - eUSX/USX - PT-USX/USX - PT-eUSX/USX One USX position. Curated by @AllezLabs & PTs on @ExponentFinance.

1/ Caps have been raised on our curated @raikucom SOL Ecosystem vault! Depositors earn from rkuSOL holding, Exponent yield trading (fixed yield PT-rkuSOL and its liquidity pool), and Kamino/Loopscale lending.

The @solsticefi Yield Looping Vault now runs three loops on the @Kamino market: → eUSX/USX → PT-USX/USX → PT-eUSX/USX The PT loops supply @ExponentFinance PTs, borrow USX, and swap to more PTs. Levered fixed yield, funded at the USX borrow rate.

5/ Get started: → Deposit into the Raiku SOL Ecosystem Vault: app.exponent.finance/en/strategy/pu… → Provide liquidity to the rkuSOL market: app.exponent.finance/en/liquidity/p… → Borrow against your fixed-rate position: kamino.com/borrow?filterW…

4/ Borrow SOL against your PT-rkuSOL using the Raiku Market on @kamino and earn rewards that reduce your net borrow rate This improves the economics of looping and other leveraged yield strategies ↓

$20K in rewards have been renewed for the @raikucom ecosystem, distributed over the next 30 days across: → Raiku SOL Ecosystem Vault → rkuSOL liquidity provision → Raiku Market on @kamino Here's how to participate ↓

Earn more on SOL than staking or lending, from a single deposit to Loopscale Earn. SOL Main rebalances daily across: • SOL lent on Loopscale and @kamino • Looped and spot LST positions • Fixed yield from @ExponentFinance PTs

srONyc is live on Exponent, bringing protected @onrefinance exposure for risk-averse participants The current APY is 8.36% with 45.32% principal protection Here is a brief overview of srONyc and how the protection works ↓

Senior tranche $ONyc on @ExponentFinance and $USDat PT on @pendle_fi are two fairly risk-adjusted looking yields at 2-2.4x SOFR. Senior ONyc is at 8.36% with 45% coverage. This means that @onrefinance's reinsurance would need something like a 45% catastrophic NAV drawdown in order for the tranche to be affected. And even then, it would only start to be affected after the 45% NAV loss. There are also points, though Onre's S1 has gone on for quite a while and it's still unclear what those points will entitle people to. As for USDat, it's only exposed to TBILLs (not STRC) and is getting about a 2x SOFR on Pendle because of the points speculation. The biggest downside is that you will incur some entry and exit fee and there are only 7 weeks left in the market.

This might be the biggest DeFi nobrainer You can get srONyc on @ExponentFinance - which protects you against losses - you still earn 8.36% APY -> or choose jrONyc with 42% APY (higher risk) Only possible with @onrefinance

The ONyc Tranching Market on @ExponentFinance has crossed $1M in total market size. Expanding the utility of reinsurance-backed yield across @solana DeFi.

Take a little less extragenious yield + loss coverage = srONyc You now have a vehicle to diversify your portfolio with protection. Need more seniors here!

🐉 After several months working with @ExponentFinance on V2, our @raikucom SOL Ecosystem vault launched to $2 million in first-week deposits. Thanks to the Strategy Vault format, our vault can provide one-click access to diverse $rkuSOL ecosystem yield. Depositors earn from rkuSOL holding, Exponent yield trading (fixed yield PT-rkuSOL and its liquidity pool), and Kamino/Loopscale lending.

7/ Risk-Tranching opens a market for every risk profile srONyc is built for participants who benefit from principal protection in exchange for a portion of the underlying yield Enter a srONyc position on Exponent: app.exponent.finance/en/market/prot…

6/ What happens in a loss event If ONyc suffers a loss, two outcomes are possible depending on severity → A temporary loss triggers a Recovery Period Senior yield and withdrawals pause while Junior has time to recoup the loss. Once resolved, normal conditions resume → A severe loss bypasses recovery and moves to settlement Junior is settled first to protect Senior. Only if the loss exceeds Junior coverage does Senior begin taking losses as well These are the two scenarios every prospective srONyc depositor should understand

5/ When a Senior position becomes illiquid srONyc is normally freely redeemable unless the market enters a Recovery Period → A Recovery Period follows a non-severe loss event, where Senior withdrawals are paused while the market determines whether the underlying will recover Outside a Recovery Period, Senior can always exit

4/ Understanding srONyc's risk-off yield srONyc yield is variable, priced by the utilization curve that determines Junior's protection premium → When Junior protection is abundant, Senior pays a lower premium, lifting srONyc yield → When Junior protection is stretched, Senior pays a higher premium, compressing srONyc yield At the 90% Utilization target, srONyc yields 7.2% APY with 22.2% Coverage

3/ ONyc risk and Senior protection ONyc generates yield from two sources: → reinsurance premiums → collateral base across T-bills, stablecoins, and RWAs The key risk is a negative NAV event, most likely triggered by a large reinsurance claim. srONyc provides protection against this through a minimum Junior coverage of 20%, where Junior absorbs the first loss before Senior is affected