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Goh

@stablecointern

trafficking @humafinance

Mamak Katılım Nisan 2014
4.8K Takip Edilen4.6K Takipçiler
niran
niran@niran7·
looking for video editors that are fluent in both english and mandarin - hmu
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Richard Liu
Richard Liu@DrPayFi·
Agreed, Stani. Especially for RWA, TVL is often just a Total Vanity Leaderboard. Over one year ago, DeFiLlama listed Huma with a TVL of a few thousand dollars. Why? Because our capital was ~100% deployed - out of the pools, in active use, and earning yield for LPs. DeFiLlama reported our idle capital as TVL. It’s deeply ironic that traditional metrics penalize maximum capital efficiency. We had them take us down. For RWA, we need to value protocols based on actual economic activity, not stagnant pools: - Total Transaction Volume (Real-world impact) - Total Active Liquidity (Capital actively at work) - Total Yield Paid (Actual LP returns) - Total Protocol Income (True revenue basis)
Stani@StaniKulechov

One of the biggest mistakes in valuing DeFi lending protocols is using TVL as the primary metric. TVL measures net collateral. It does not measure lending activity. Compare Aave vs SoFi at the end of 2025: Aave ~$52B supplied ~$22B active loans (the loan book) ~$700M+ borrowing interest flows ~$150M retained by the DAO SoFi ~$37.5B deposits ~$38B loan book ~$1.8B lending revenue (interest earned) ~$481M net income In TradFi: deposits are liabilities / cost of capital loans are the earning assets lenders are analyzed on loan books, interest income, spreads, and asset growth But in DeFi, the market mostly looks at TVL and DAO-retained fees. That’s like valuing a bank only on net interest spread while ignoring the size of the loan book and gross interest flows. Under traditional financial accounting frameworks, Aave looks far closer to a +$700M lending business than a $150M revenue protocol to be comparable (without counting equity). TVL is not the revenue basis for lending protocols. Loan books and interest flows are.

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Erbil
Erbil@0xErbil·
TVL = Total Vanity Leaderboard
Stani@StaniKulechov

One of the biggest mistakes in valuing DeFi lending protocols is using TVL as the primary metric. TVL measures net collateral. It does not measure lending activity. Compare Aave vs SoFi at the end of 2025: Aave ~$52B supplied ~$22B active loans (the loan book) ~$700M+ borrowing interest flows ~$150M retained by the DAO SoFi ~$37.5B deposits ~$38B loan book ~$1.8B lending revenue (interest earned) ~$481M net income In TradFi: deposits are liabilities / cost of capital loans are the earning assets lenders are analyzed on loan books, interest income, spreads, and asset growth But in DeFi, the market mostly looks at TVL and DAO-retained fees. That’s like valuing a bank only on net interest spread while ignoring the size of the loan book and gross interest flows. Under traditional financial accounting frameworks, Aave looks far closer to a +$700M lending business than a $150M revenue protocol to be comparable (without counting equity). TVL is not the revenue basis for lending protocols. Loan books and interest flows are.

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DAN KOE
DAN KOE@thedankoe·
The most important decision of your life
DAN KOE tweet media
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Huma Finance
Huma Finance@humafinance·
1/ Celebrating $13B PayFi transactions on Solana. Huma Prime is now open to everyone for deposits. A Defensive Looping strategy vault, leveraging real yield from $PST. Prime earns you up to 16.8% APY.
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Huma Finance
Huma Finance@humafinance·
PST's yield derives from powering financing for global payment flows at scale. PST-USDC pair is currently one of the highest-yielding stablecoin liquidity vaults on Kamino. ~9.02% APY plus 2500 USDC rewards weekly.
Kamino Liquidity@kamino_liq

RWA LPs earn more than just fees and incentives A vault holding yield bearing tokens like PST continues generating its own native yield inside the position Assuming a 50/50 pool ratio, that's ~4% extra yield compounded into the position via @humafinance's real world activities

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inno
inno@inno_ox·
game-changing! @MeteoraAG just launched Limit Orders here is how it works 🤯
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Huma Finance
Huma Finance@humafinance·
Another huge week for onchain finance. PayFi is everywhere. Headlines ↓ 1️⃣ CLARITY Act cleared the Senate Banking Committee and is moving toward a real Senate vote. Major progress for the U.S. digital asset industry. 2️⃣ Japan has officially approved foreign-issued stablecoins such as USDC, USDT, and RLUSD as electronic payment instruments effective June. 3️⃣ Huma surpassed $13B in PayFi transactions. A 3.17x YoY growth from $4.1B to $13B. 4️⃣ KRWQ, a Korean won-denominated stablecoin announced its expansion to Solana, positioning itself as a core settlement asset for Korean won liquidity on the network. 5️⃣ Jupiter Lend and Bitwise launched an institutional-grade Ethena lending market on Solana, offering scalable yield designed for billions in institutional capital. 6️⃣ Stripe-backed Tempo taps $7.5 billion DeFi lender Morpho to scale their PayFi offerings. 7️⃣ Fireblocks joined x402 Foundation and launched Agentic Payments Suite. 8️⃣ Tether's USDT supply on Solana reached a new ATH of $3.75B. 9️⃣ Grove launches Basin with up to $1 billion in daily liquidity, enabling instant onchain stablecoin liquidity for tokenized RWAs. 🔟 Checker raised $8M from Galaxy, AlMadaVC, and Framework Ventures to unify fragmented digital asset markets for institutions.
Huma Finance tweet media
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Huma Finance
Huma Finance@humafinance·
The internet allowed businesses to scale 100x faster PayFi is doing the same for finance ⏳
Huma Finance@humafinance

Huma is the first PayFi network, powering financing for global payment flows at scale. With over $13 billion in transaction volume, it is among the largest real-world stablecoin use cases onchain. @0xErbil on Huma’s biggest focus this year: • Onboard enterprises and institutions to PayFi • Capture more real-world payments and trade flows • Introduce PST to institutional allocators across DeFi and TradFi

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mikehale.sol
mikehale.sol@mikehale·
If you had 10k USDC where on Solana would you park it right now for the best returns?
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Genekmkz 老豆子⛩️
Genekmkz 老豆子⛩️@genekmkz·
It’s official! Thrilled to announce I’ve joined @renaissxyz! I'll be taking on Growth role for the Malaysia market and community. 🇲🇾 See you at Pizza Day. 🍕🍕🍕
Genekmkz 老豆子⛩️ tweet media
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Huma Finance
Huma Finance@humafinance·
.@drpayfi explains the four core pieces in the financing layer of the PayFi stack: • Risk and asset pricing • Asset structuring • Tokenization • Asset distribution Huma is powering financing for global payment flows at scale. Instant. Capital efficient. Borderless.
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bawsa
bawsa@BawsaXBT·
don't talk to me about grind if you've never: • grinded discords for WL spots • worked as mods for NFT projects • joined late night VCs to network • create threads around NFT projects (this was lmao) • talk on 3-5 spaces a day to grow your brand • work for FREE just to get your foot in the door • stayed up all night to finish a piece of content this is peak 2021-2024. good times, bad times, all of it.
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Ellie 🥷 | eventninja.sol
Ellie 🥷 | eventninja.sol@platis_e·
Asking for a friend… 👀 If we were to explore locations for Breakpoint 2027, where would you be most excited to see us land next? 🌏
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Goh
Goh@stablecointern·
If you saw this ring for $400 in 2023 and didn’t buy it, this is what it costs now… The Chrome Hearts Cemetery ring. Arguably the most iconic piece the brand has ever made. 2023: sold for $380 - 420. 2026: sold for $2,800 - 3100. If you put $400 into the S&P 500 three years ago, you’d have about $530 today. That’s a 30% return. That same $400 in a Cemetery ring? $3,000. A 650% return.
Goh tweet media
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Jupiter Offerbook
Jupiter Offerbook@jup_offerbook·
Not whitelisted yet? Ser you're missing out, drop your address below. Early adopters eat first, IYKYK.
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Keşfet

@niran7 @YouTube @solanaspaces @ClutchMarkets @MeteoraAG @ethconf @mikehale @genekmkz