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munch
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munch
@munchPRMR
contributing @tulpea_org @worldmarketsinc
Katılım Nisan 2022
1.4K Takip Edilen24.4K Takipçiler

Should I finish this and put it on MegaETH mainnet?
munch@munchPRMR
I vibe coded a fully onchain Cookie Clicker styled app on MegaETH testnet today > Everytime you click you mint a token > Can use upgrades to get more tokens > Halving's based on X amount of clicks This is like gamified Bitcoin on a real time blockchain What else should I add?
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I’ve been interviewing a bunch lately ( we suffered chronically from having too few people) and the process also taught me the type of company I built:
Resilient, growing at all costs, unable to take fud seriously, and when faced a choice, choose kindness
bread.mega@bread_
Working at MegaETH is Chaotic Good. → Radical ideas are encouraged → The environment is dynamic → Things move fast and can be messy at times → Everyone wants to win the right way Incredibly excited for the next few years
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@RaoulDukeDegen @munchPRMR this if using iphone make sure findmy is turned on
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@tokenterminal Imagine if we turned it into a real estate lending / banking platform
Study @Tulpea_org
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➥ RWA 2026: What's Real vs What's Wrapped
The RWA market reached $27.38B in on-chain distributed asset value as of March 2026, up 9.44% in 30 days.
That looks like infrastructure maturity. It's not.
Because only the token is on-chain. The credit decision still happens in a meeting room. Every category follows the same blueprint. DeFi settles. TradFi decides.
That gap is the real story of RWA in 2026.
—
➠ What "Tokenized" Means Today
Most RWA protocols still work like this:
- TradFi picks the assets and sets the terms
- Smart contracts take deposits and settle
- TradFi handles underwriting, enforcement, and defaults
The token is mainly a distribution + settlement wrapper. The product is still run off-chain.
Example: Ondo's OUSG
- 0.15% management fee + 0.15% fund expense fee
- Assets sit in BlackRock's BUIDL fund, with its own fees
Result: layered fees across institutional wrappers, managed off-chain.
That's fine for T-bills. The problem is pretending tokenized settlement changes the underlying credit. It doesn't.
Archblock (TrueFi) shows why this matters
TrueFi tried to do off-chain credit underwriting with on-chain settlement.
In Feb 2026, Archblock filed Chapter 11: $100M+ liabilities vs. ~$10M assets. Disputes over redemptions cited custodian failures.
Filings admitted the platform lagged while burning ~$1M/month.
This exposes the biggest flow of current RWA landscape, when credit logic is off-chain, the biggest risks sit in the gap:
- Defaults don't trigger automated outcomes
- Custodians can freeze or lose reserves
- Token holders end up behind everyone in bankruptcy
If the credit is off-chain, the risk is off-chain, until it shows up in court.
—
➠ What Real On-Chain Underwriting Should Look Like
For credit to truly live on-chain, DeFi needs what it still lacks today: a real risk engine.
Today, protocols don't manage risk, they avoid it. Overcollateralization, liquidations, and coarse governance decisions replace actual underwriting.
Each asset, each deal, each cash-flow stream needs to be evaluated individually. Those who assess risk need skin in the game. And risk needs to be sliced, priced, and distributed across participants with different profiles, not just pushed onto a liquidation bot.
Without that layer, DeFi can't move beyond crypto-native loops into real-world credit.
—
➠ The Tulpea Approach
@Tulpea_org rebuilds credit as a structured, peer-to-peer, on-chain system rather than a simple distribution layer.
▸ Structured real estate financing instead of just tokenized assets
▸ Equity and debt separated and made programmable
▸ Repayment flows executed by contracts, not chased by lawyers
Instead of mark-to-market collateral, Tulpea structures credit around real-world fundamentals: cash flows, amortization, and repayment capacity.
▸ Lenders receive Asset-Backed Debt Tokens (ABDT) with defined maturity, yield, and risk profile
▸ Borrowers retain upside through Real Estate-Backed Tokens (REBT), while debt is serviced directly from asset income
—
➠ Risk Management Through Design
Risk is managed through design:
▸ Equity buffers absorb first losses
▸ Tranching separates risk appetite across lender profiles
▸ Repayment waterfalls enforce distribution priority
▸ Dedicated reserves handle income volatility
The result:
Undercollateralized borrowing for users, while lenders stay protected through structured credit mechanics and the underlying asset itself.
Also worth to note that the team behind Tulpea includes executives from Société Générale, Mastercard, and McKinsey.
—
➠ Wrap-Up
The $27B RWA market has made two things clear: institutional demand for tokenized assets is real, and today's infrastructure is mostly just a faster settlement layer for decisions TradFi still controls.
That works, until it doesn't. Archblock is the latest reminder of what "until it doesn't" looks like.
The next real step in RWA isn't more tokenization. It's moving the underwriting on-chain, not just the wrapper around it.
Tulpea is the first serious shot at that exact problem with plan to launch on @megaeth in the upcoming weeks.
Whether execution lives up to the architecture is what the next 12 to 18 months will settle. But it's solving the right problem with the right infrastructure.

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MegaCorp has posted a $1,000,000 acquisition offer for the Central Artifact, resting in the final tile.
Over 12,000 applications have been completed.
Over 21,000 @megaeth members have been cleared to take part in operations.
All are eligible.
Apply megacorp.global

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@munchPRMR pivot to plastics, Munch
AI can't touch plastics (can't touch this)
x.com/daKriptologist…
Kriptologist@daKriptologist
@Bitcoin_Teddy Gen Z should pivot to plastics instead of wasting time on social media twerking & commenting on food plastics is the future
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@munchPRMR Lie on your resume. Create fraudulent websites for the business(es) you worked at. Have a friend manage the fake phone number for said business(es)
Fake it until you make it 🤌
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@chrisbima If it’s crypto related basically anything besides engineering
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@munchPRMR btw what kind of role are you looking for? maybe we can talk
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