cairo retweetledi
cairo
224 posts
@_charlienoyes congrats charlie! it was fantastic working with you and excited for whatever comes next
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cairo retweetledi
Updating slides for a talk on mini apps. Every time I look at @DivineResearch’s Credit mini app, the numbers double.
People talk about undercollateralized lending in crypto, this team is shipping it at scale.
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cairo retweetledi
Credit has issued 500,000+ undercollateralized loans!
To celebrate, we're releasing an analytics page at credit.cash/analytics. Track utilization, share price, real-time loan activity, and more
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cairo retweetledi
After years of collaborating with @cairoeth and @0xfuturistic we are super excited to partner officially on @DivineResearch
Credit is fundamental to the global economy and true innovations are rare!
Divine@DivineResearch
Announcing Credit — an automated, undercollateralized lending system built on stablecoins. Live since December 2024, it has issued 175,000+ loans to 100,000+ unique borrowers worldwide We raised $6.6M led by Paradigm, with Nascent and strategic angels, to scale and expand Credit
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cairo retweetledi
Last year in May, I noticed that gradual exchange protocols share a key property with credit markets: both parties incrementally increase exposure based on observed behavior. Undercollateralized lending could work the same way.
Instead of chasing defaulters, you make strategic defaulting unprofitable. Instead of external credit scores, you derive creditworthiness from the borrower's opportunity cost of maintaining good standing. The equilibrium holds when initial limits sit below the cost of creating new identities.
@cairoeth and I built a prototype at ETHGlobal Bangkok. We didn't win any prizes, but we shipped it anyway.
Today, we have more than 100,000 unique borrowers and 175,000 loans issued. Default rates decline predictably with credit history. The mechanism is working as designed.
Divine@DivineResearch
Announcing Credit — an automated, undercollateralized lending system built on stablecoins. Live since December 2024, it has issued 175,000+ loans to 100,000+ unique borrowers worldwide We raised $6.6M led by Paradigm, with Nascent and strategic angels, to scale and expand Credit
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cairo retweetledi
It's been in stealth but @DivineResearch has quietly built the largest undercollateralized lending platform in all crypto
Helping over 100,000 so far people and scaling fast.
Anyone can LP here: credit.cash
Congrats to @cairoeth & @0xfuturistic
Divine@DivineResearch
Announcing Credit — an automated, undercollateralized lending system built on stablecoins. Live since December 2024, it has issued 175,000+ loans to 100,000+ unique borrowers worldwide We raised $6.6M led by Paradigm, with Nascent and strategic angels, to scale and expand Credit
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Read the full announcement to learn more about Credit
writing.divine.inc/seed-round/?ut…
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If you are interested in pushing the frontier of undercollateralized lending, take a look at our open positions
jobs.ashbyhq.com/DivineResearch…
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Credit started from a simple observation: creditworthy people who need capital most are systematically excluded from getting it
We built it to prove they deserve trust through their actions, not paperwork: undercollateralized lending at scale
Divine@DivineResearch
Announcing Credit — an automated, undercollateralized lending system built on stablecoins. Live since December 2024, it has issued 175,000+ loans to 100,000+ unique borrowers worldwide We raised $6.6M led by Paradigm, with Nascent and strategic angels, to scale and expand Credit
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@real_philogy there’s ERC-7674 but it introduces a new function eips.ethereum.org/EIPS/eip-7674
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Vyper's experimental codegen (venom) performs much better at SP1 proving than Solidity with EOF!
Shows how much it can be extracted/improved at the compiler level without massive changes to the EVM
sudo init vyper@big_tech_sux
some preliminary numbers courtesy @cairoeth -- venom pipeline (non-EOF) proves 32% more efficiently on sp1 and runs 30% faster than even solidity+EOF
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Super excited about SOLO 🪄 It lowers entry cost for validators by 26x, while deterring anyone from dominating Ethereum staking through the protocol.
It also combines stablecoin mechanics and leverages Pectra's EIP-7002 & EIP-7251 🆕
(link below)
Diego Estevez@0xfuturistic
Introducing SOLO: a protocol that lets anyone run an Ethereum validator with just 1.25 ETH instead of 32 ETH. It enables an LST backed by the portion of a validator's stake unlikely to be lost, without relying on governance or trusted hardware. Here's how it works 👇
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