SPICE Protocol
6K posts
SPICE Protocol
@SpiceProtocol
SPICE provides risk coverage infrastructure to enable secured lending to global private credit.
Katılım Mayıs 2024
13 Takip Edilen2.9K Takipçiler
Explore the vault ↓
yield.accountable.capital/vaults/0xE92e0…
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The Vault is now live! The first SPICE vault powered by @AccountableData verification available through YieldApp.
🏦 SPICE Credit Vault
• ~15% APY
• USDC
• Price locked agri commodity contracts (South Asia)
• Real-time financial verification via @AccountableData
• Full Credit Risk coverage via SPICE Core + Open Coverage (Coming Soon)
Real yield. Verified assets. Covered. On-chain proof.
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!!Announcement!!
The Plume USDC vault is now closed.
Redemptions are open, participants can withdraw their positions as needed.
Please complete your redemption in the next 3-6 Month.
Thank you to all depositors and community members for your trust and participation.
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It doesn't happen often but it can and will happen.
~$25M drained from DEX LPs in the Resolv USR exploit
Respect to the Resolv team, they acted swiftly once aware, pausing all protocol functions to contain further damage and are now deep in recovery and investigation mode. Transparency in crisis is tough, but they're stepping up.
A compromise is never fun.
Now the hard question: does Resolv make the DEX LPs whole?
RLP, the junior tranche was designed to absorb protocol losses. But it was built for market risks like negative funding rates and hedging slippage. Not for external hack fallout or compensating Curve LPs who absorbed the loss. There’s no automatic mechanism. It’s a pure policy decision, does this mean RLP holders take the full haircut for a security failure they had zero control over.
If Resolv compensates → RLP holders pay.
If they don’t → LPs eat the loss.
Default always hits someone.
Don’t let it be you.
Credit Risk Vaults are being built by SPICE. On-chain protection that pays out on a covered risk event.
Hedge before the next one prints.
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Our new open risk coverage standard, OpenCoverage, is now audited and will be going live on Ethereum, powered by @eigencloud staking
Hashlock@Hashlock_
The $100T global credit market is moving on-chain. The bottleneck isn't liquidity, it's risk infrastructure. 🌍🔐 @SpiceProtocol is building the coverage layer: an Ethereum standard (OpenCoverage) for interoperable risk protection that any lending market can integrate, backed by ~$10B in restaked assets via @eigencloud. For lenders: instant on-chain settlement during covered risk events, not months of off-chain recovery. For stakers: consistent premium yield, not points farming. For borrowers: access to capital with zkTLS-powered solvency verification that protects sensitive data. This is infrastructure, not a venue. Every lending market that integrates the standard expands SPICE's addressable market. 📈 And this is not the first SPICE engagement with Hashlock. Two public Solidity audits are now listed on our side, both rated Secure. ✅ Repeated review is exactly what you want from a protocol sitting this close to risk, credit, and capital formation in DeFi. Full audit: hashlock.com/audits/spice 📘 Project site: spiceprotocol.xyz 🌐
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LET'S PLAY A LITTLE GAME for our forth TRANSMISSION! 🚀
Analysis paralysis #1
Join us for some informed (and some un-informed) opinions on current affairs.
Wednesday 18th Mar at 4:00 PM EST! 🎙️
Tune in on X Spaces tomorrow! See you there!
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D2 Finance@D2_Finance
Great article and good alpha @Nomaticcap! This can be solved by implementing a CDS like (Credit Default Swap) structure for the junior tranche. To be frank, we were very comfortable buying @YuzuMoneyX ‘CDS’ or shorting that yield when it was at 80% at those levels, the risk was clearly mispriced. @OuroborosCap8 should create a market so these inefficiencies can be settled by the broad market (an idea first championed by @phtevenstrong). The core issue is that junior tranches often attract less sophisticated investors through misleadingly ( in term of risk) high yields. We believe this is best solved through tokenized markets; @Polymarket is the ideal venue to provide the 2-way liquidity needed to price this risk accurately. Or @HyperliquidX HIP-4 when live OFC. Hyperliquid
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