Spotted: the first DAO treasury allocation of wiTRY.
Through Brix, DAO treasuries can :
- diversify their RWA exposure, much of which is denominated in USD
- access local rates from around the world
- hedge their risk
gBRIX.
Non-USD stablecoins in emerging markets have a unique value proposition, and it all has to do with yield.
Great write-up on the state of the market by @bonnazhu
Everyone is sleeping on @brix_money while imo its one of the best apps on Megaeth
Theyre bringing emerging market yield onchain, you can literally get 45% yield on $TRY right now
Emerging market asset class grew fast in TradFi, but almost no one tried to tokenize it in crypto, these guys did the hard work and basically created a new asset class onchain
Give them some love
Emerging market asset issuer @brix_money represents the next frontier of RWAs onchain.
Their first product, wiTRY, is a yield-bearing instrument for the Turkish lira. It's the first of many assets the vast majority of the world struggles to access.
10/10 Mafia apps live.