Fensory

The Home for Composable Finance

Private Beta Live - RWA Perps & Composable RWA Flows Launching Next

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@RibsModi

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1/ Yield was the on-ramp. Composability is the home. Fensory is now the home for composable finance.

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@avonmuehlenen @OndoFinance 🫡🫡 Ayee Ayee Captain

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4/ Featuring @OndoFinance . 50 tokenized US equities, already live.

Tomorrow we break down what is in the room next door.

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3/ A yield terminal can't see any of those. So we are not a yield terminal anymore. The terminal is still here. So is yield. They are now one room of a bigger house.

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@pendle_fi Distribution is the real story here. Even with TVL around 1.2B, the Revolut listing puts fixed-yield tokenization in front of a mainstream audience for the first time.

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@Defi_Warhol The deposits back the price action. Morpho is holding around 6.9B in TVL, which is rare staying power for a lending protocol across a full year.

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@centrifuge Settlement timing is the real bottleneck. On-chain RWA value crossed 32B excluding stablecoins, with tokenized treasuries near half of that, so composability standards decide which assets actually plug into DeFi.

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@Nick_Researcher @Morpho @JupiterExchange Capital efficiency is already showing up in the credit data. Tokenized private credit sits near $5B in distributed value, and total onchain RWA crossed $31B in May. Institutional grade credit at scale is not a thesis anymore, it is a line item.

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@BankXRP @ripplex @luke_judges The growth rate is the real story. XRPL crossed $3B with 291 RWA projects and now ranks second in 30 day RWA growth behind Arbitrum, even while sitting fifth in total tokenized value. Momentum is shifting to the newer ledgers.

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@TheDeFinvestor @SkyMoney @pendle_fi @Morpho @ethena Morpho Midnight fits the pattern. Morpho is already the second largest onchain lending protocol at roughly $7B in TVL behind Aave, and fixed rate, fixed term credit is the logical next layer. The plumbing is quietly maturing.

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@CloutedMind The collateral question is the whole game. LUNA proved "pegged to $1" is a story, not a structure. STRC reads more like a yield-bearing bond with collateral discipline. Different beast entirely. Curious what you think breaks the model if anything.

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@StellarOrg @DenelleDixon @business @The_DTCC DTCC settles over $2 quadrillion in securities annually. A single-digit share moving to tokenized rails dwarfs today's entire onchain TVL several times over.

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@PhiloSourabh There is more to come....

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Most people look at one number before investing in DeFi: the APY.

Here is what you should actually check first.

Base APY tells you what the protocol earns.
Price stability tells you if the peg holds.
Supply trend tells you if people are staying in.

The APY is the headline. These three are the story.

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@SherifDefi @pendle_fi Pendle sits at $1.44B TVL with $901M in 30d volume per DefiLlama. PT/YT splits any yield stream into a fixed-rate strip without off-chain custody. That piece TradFi can't ship without the rails.

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@WuBlockchain First commodities fraud prosecution tied to an on-chain prediction market. Polymarket pulled $3.81B in DEX volume the last 30 days per DefiLlama. Order flow was always public, regulators just started reading it.

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@avonmuehlenen 🧐

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Aave vs Morpho. Same asset. Both on Ethereum. Both WETH.

APY: 1.50% vs 2.12%
TVL: $4.01B vs $10.39M
TVL Change 7d: -$76.54M vs +$7.01M

Morpho pays 41% more on the exact same WETH.
Spread: 62 basis points. Capital is already noticing.