Greg

CEO/Co-Founder @sprinter_ux & Co-Founder @chainsafeth

[Greg @gregthegreek]

Our first line was issued to solvers; $250M of collateral free credit.

MoM growth looks beautiful. Zero shortfalls, ~6%-8% clean APY. No off-chain private credit agreements needed.

We've started to issue our second & third customized lines with beta testers. Different market segment, same principles: Auditable, Secure, and Competitive.

Our next chapter is going to huge, I can't wait to show you all

[Sprinter @sprinter_ux]

We've been quiet, on purpose, and today you'll see why.

We are excited to reintroduce Sprinter. What started as crosschain solver infrastructure evolved into something much bigger.

Credit is the layer nobody has built yet, and we are building the engine for it.

More below 👇

[Sprinter @sprinter_ux]

The Credit Check series looks at one question, sector by sector. Is this corner of DeFi ready for credit?

First up this week was yield-bearing stablecoins. Find out the answer below 👇

[Sprinter @sprinter_ux]

First Credit Check incoming: Yield-Bearing Stablecoins

What changes when you add credit infrastructure to this sector?

[charles (csl) @CharlieStLouis]

2022 flushed out CeFiDeFi (celsius, ftx, blockfi) and the obvious cases got cleared

now we're moving down the spectrum, where ai is accelerating discovery of the same failure modes inside teams that called themselves defi: security tools find bugs faster, fuzzers probe deeper, and agents test edge cases that humans miss

most of these patterns are web2-style: human errors, weak oracles, fragile admin and governance, repo hygiene, etc. decentralization still matters as the structural floor, and what's failing are the teams that took shortcuts past it while claiming to embody it

RWAs aren't exempt either, where the bar is the same: transparency, attested backing, clear user ownership rights, real redemption paths. the ones that meet it become defensible infrastructure, while the ones that don't, end up as CeFiDeFi in another wrapper

CROPS is what survives the flush test

[Greg @gregthegreek]

When you confuse Ethereum staking with Bitcoin

[Watcher.Guru @WatcherGuru]

JUST IN: 🇺🇸 Vivek Ramaswamy's 'Strive' buys 32 Bitcoin worth $2 million.

[Greg @gregthegreek]

@jacobwillemsma Can I speak at ethconf?

[Greg @gregthegreek]

Time to market is compressing dramatically leveraging AI, and thats really important from tech side. The everyday brick & mortar tools aren't really there, but getting close.

If I had to guess, you'd get good usage out of analytics and reporting. "just point codex at it" mentaility, where you connect your services and can have actualy discourse about what the data means.

That being said most ai products targetting a perticular niche aren't great

[Greg @gregthegreek]

I struggle to see the long-term market strength of on-chain swaps if the current trends keep up:

- RWAs will™️ provide the best yield, and loosely risk adjusted
- Stablecoins dominate flows and general holdings
- Less teams deploying tokens, opting for rev generating businesses

Paying for slippage, possible mev, and low liquidity just makes less sense when you can go to @Lighter_xyz or @HyperliquidX buy spot, and also trade everything else like commodities.

Self custodial is an obvious reason to swap on-chain, but as time goes on the marketshare will shrink dramatically. Especially when you compete on zero fees

[Greg @gregthegreek]

Why is ASC always the default sort, 9/10 times you want DESC

[Greg @gregthegreek]

@markus_ @magicponzitoken I'm somewhat shocked?

Couple Qs:
- Which coinbase product?
- Assuming basic tier binance? No vip etc.
- HL feels way to high? What funding rate was targetted?

[Greg @gregthegreek]

@trent_vanepps Oh it got better

Took the Citi Bike to B, only express was running 🫡

[Greg @gregthegreek]

I rest my case

[Greg @gregthegreek]

I'll die on this hill but if you should maximize your ability to use the NY Ferry

[Greg @gregthegreek]

@will__price Do you think there’s room outside of morpho/aave offering this?

[Greg @gregthegreek]

@0xcyp @CADCstablecoin Always has been

[Greg @gregthegreek]

I'll die on this hill but if you should maximize your ability to use the NY Ferry

[Greg @gregthegreek]

Fanless macbooks are a scam

These things just get cook

[Greg @gregthegreek]

realistically, no. I think just GHO offers this.

Morpho fixed is not out quite yet (irrc summer), so you really are stuck with Pendle. The other major alternatives closed up shop.

Regarding the bond, thats our speciality at @sprinter_ux so we'd happily take on whatever is in your portfolio as collateral for a credit line

[Greg @gregthegreek]

yeah you're right so let me rephrase this.

I've found that structuring research across a bunch of .md files like this starts to get super weird results, and long processing cycles.

I have like +6 months of notes, and it either has too much of an initial boot parsing everything, or it fails to acknowledge stale work?

It's a formatting and organization issue, ultimately, but something that has been very challenging

[Greg @gregthegreek]

@FUCORY @samuellhuber I used to be a power user but I think it creates too much context. You need to really structure the data correctly

[Sprinter @sprinter_ux]

How do instant redemptions actually work?

A user wants out of a yield-bearing stablecoin. Normally they'd wait 7 days.

With Sprinter: they get USDC now. Sprinter queues the underlying redemption and gets paid back when it completes.

[Nadiem Sissouno @nad_roid]

At Money 20/20 Europe this week.

Building credit infra for crypto-native products @sprinter_ux - undercollateralised lending, cross-venue margin, stablecoin settlement.

Looking for partners with a credit or payments use case. DM me if you're there.