Nine episodes of Beyond Yield are up.
Builders and risk managers from Morpho, Maple, Pendle, Yearn, Centrifuge, Upshift, Nexus Mutual, Particula and Steakhouse on vault curation, risk frameworks and what institutions ask for before moving onchain.
https://t.co/X33zIoCITS
A fixed rate oracle is updated by whoever controls the multisig, often the asset issuer.
With Stream and Resolv, that issuer left the price unchanged after losses hit, letting anyone borrow against collateral still priced at its pre-loss value.
Beyond Yield with @NexusMutual.
Stock tokens being used as trading pairs for meme coin launchpads wasn't on anyone's roadmap, but it happened, and drove @st0x_io's biggest trading day yet at $4M.
@toby_meller, co-founder of ST0x, joined Josh to unpack it and where these assets actually get used.
DIA ZK verifies two things separately: that a data point genuinely came from its stated source, via zkTLS, and that it satisfies a required condition without revealing the value behind it, via threshold proofs.
Today, we are excited to launch DIA ZK, the verifiable data assurance layer for DeFi, RWAs, and cross-chain applications.
Yield-bearing stablecoins, tokenized treasuries, and vaults built on offchain strategies now hold tens of billions in onchain value. The highest yields among them are earned offchain: basis trades on centralized exchanges, tokenized treasuries, private credit, CeFi lending. While the token lives onchain, the strategy that pays it does not.
That creates a problem for issuers. Holders, risk curators sizing allocations, and lending markets deciding whether to list a token cannot see the custody balances, exchange positions, or loan books behind the yield. They ask for proof, and an issuer-controlled dashboard or a monthly attestation is becoming less convincing as the basis for trust.
In June this year, a yield-bearing stablecoin lost its peg after the third-party service that verified its reserves ended its relationship. A lending market built around the token was left with roughly $18 million of affected collateral, and a separate vault with no direct exposure to the stablecoin was hit too because both relied on the same verifier.
DIA ZK addresses this. It proves that a reported value came from the stated source and was not altered on its way onchain. It proves the statement rather than the value: a condition such as reserves exceeding supply, without revealing the underlying figures. The proofs are posted and verified on DIA's oracle chain, rather than relying on a feed that a single verification provider can switch off.
Reserve disclosure requirements under MiCA already apply in the EU, and the US GENIUS Act will introduce federal reserve and disclosure requirements for qualifying stablecoin issuers. Continuously proving backing onchain, without forcing an issuer to reveal its underlying books, is the next capability the oracle layer has to provide.
If your protocol depends on stablecoin reserves, tokenized fund NAVs, or vault collateral held offchain, this is where to start.
$2 billion in active loans, built in the middle of a bear market, by founders who were still enrolled as students.
Two funding rounds, no dropouts, no in-person meetings for the first few months.
That is how @Morpho started.
A single price source can fail silently: a stale feed, a misconfigured update, a manipulated pool.
Guardian exists so a bad value isn't treated as truth by default.
No price is safer than a wrong one.
https://t.co/58YYJLVpzw
Guardian checks two independent paths before returning a price: DIA's own Feeder-sourced value, and a separate reference from external exchanges and aggregators.
Agreement within deviation and timestamp bounds returns the value. Disagreement returns zero.
Folks Finance 🤝 @DIAdata_org
DIA’s price feeds are now integrated into Folks, further strengthening the oracle infrastructure powering xChain lending markets.
Most AMM liquidity parks at prices nobody trades at.
ST0x puts it to work in one place: the live price, spread on top.
No curve to slide down, so no slippage. Depth stays where the trade happens.
ST0x is working with @DIAdata_org to provide the live reference price.
Morpho shipped Midnight: fixed rate, intent-based lending built for the terms institutions actually price on.
@Morpho Co-founder @MerlinEgalite joins @dillonhanson12 on Beyond Yield to explain why a decade of fixed rate attempts stalled onchain, and what Midnight does about it.
CEX earn products have billions in deposits accepting suboptimal yields.
Why? Switching costs are too high. Pendle's highway removes that friction.
Users deposit, @pendle_fi handles optimization, returns come back to the user.
As simple as the earn button.