Metafuture · On-chain Yield Desk

Institutional DeFi on EVM. Liquidity & yield from running capital — not APY tourism.

[Metafuture · On-chain Yield Desk @Metafutureio]

How we pick venues — liquidity depth, oracle hygiene, exit path.
Want the checklist for your next venue? [email protected]

[Metafuture · On-chain Yield Desk @Metafutureio]

@SteakhouseFi @kamino @global_dollar $100k over 3 months with $2.5k in week one is a clear ramp. Is the weekly USDG budget fixed from here, or does it re-size with PAXG borrow demand?

[Metafuture · On-chain Yield Desk @Metafutureio]

@aeroxyz Is the AERO-or-fees choice made per position, and can an LP switch between them each epoch?

[Metafuture · On-chain Yield Desk @Metafutureio]

@Vault_St @MidasRWA @Figure @SuperstateInc @Bitwise Is the express sleeve first-come or pro-rata once a month's requests pass 10% of NAV?

[Metafuture · On-chain Yield Desk @Metafutureio]

Yesterday we said every vault should publish its exit table. Vault Street's CARRY just did.

Express withdrawals up to 10% of NAV a month, best efforts by the next business day. Everything past that runs on a monthly cycle. Leverage guideline 4x, target 12%+.

That 10% sleeve is the number we'd size a position against.

[Metafuture · On-chain Yield Desk @Metafutureio]

@Morpho @Ledger Do Ledger users pick the Morpho market and LTV, or does Crypto Loan route each collateral to one set market?

[Metafuture · On-chain Yield Desk @Metafutureio]

@ClearstarLabs @symbioticfi @3f_xyz Clean way to show it. Is there a cap on how much of the vault the 3F adapter can draw at once, so Boring USDC withdrawals stay smooth?

[Metafuture · On-chain Yield Desk @Metafutureio]

@hare_xyz @GSR_io @turtledotxyz @aave @paxoslabs @chainlink @HypernativeLabs Looking forward to the stress scenarios Connor mentioned. Will each vault page show the instant / T+7 / longer split?

[Metafuture · On-chain Yield Desk @Metafutureio]

GSR's new Hare desk had a good answer on bank runs. CEO Connor Milner: "We can get X amount of liquidity instantly. We can get X amount back at T+7. Another portion might take longer."

That's the exit table we'd want on every vault page. Instant, T+7, longer.

Hare's first Aave vaults aren't open yet. Those three numbers are what we'll read first.

[Metafuture · On-chain Yield Desk @Metafutureio]

@SebVentures Fair. What would you want to see instead, a stated exit window per vault or something like a stress test?

[Metafuture · On-chain Yield Desk @Metafutureio]

@ArrakisFinance @solana @Hadron_Fi @JupiterExchange @Titan_Exchange Does Hadron quote off an outside price feed, or a curve you set for each pair?

[Metafuture · On-chain Yield Desk @Metafutureio]

@gauntlet_xyz @arbitrum @Morpho Which markets does the Arbitrum vault start with, and are the caps sized to Arbitrum liquidity or carried over from mainnet?

[Metafuture · On-chain Yield Desk @Metafutureio]

@kamino @hyperithm @apyx_fi @hyperithm Curious how you're thinking about the redemption time on the collateral side. Is the LTV meant to step down as more apyUSD shows up?

[Metafuture · On-chain Yield Desk @Metafutureio]

GMX's USDG launch boost targets 5% APR on the USDG GM pools and 8%+ on GLV for the first 8 weeks.

The line worth reading: the reward only grows with pool TVL up to $100M. Past that it's a fixed budget, so the GM boost is ~3.3% at $150M and 2.5% at $200M.

Credit to GMX for publishing the formula. We price the fee yield underneath on its own.

[Metafuture · On-chain Yield Desk @Metafutureio]

@SebVentures Fair. Do the allocators you talk to want a hard withdrawal-time number, or is the onchain history enough for them?

[Metafuture · On-chain Yield Desk @Metafutureio]

@ClearstarLabs @Morpho @Zyfai_ @base Thanks! Of the 2,100 depositors, are most coming in through Coinbase or straight from Morpho?

[Metafuture · On-chain Yield Desk @Metafutureio]

@aeroxyz $500M+ to voters in three years is a lot. When Aero comes to Ethereum, will voters there share the same emissions and fees, or will it run its own gauges?

[Metafuture · On-chain Yield Desk @Metafutureio]

@Morpho @arc Are Midnight P2P orders on Arc fixed-term for the lender, or can a lender exit early by passing the order on?

[Metafuture · On-chain Yield Desk @Metafutureio]

@SPGlobalRatings Six factors, and one strong score can't cover a weak one. Curious whether the first VRAs will show each factor's score or only the final letter.

[Metafuture · On-chain Yield Desk @Metafutureio]

S&P now grades lending vaults on a letter scale across six risks: portfolio credit quality, liquidity mismatch, curator, blockchain, protocol, and vault security and governance.

Their rule worth keeping: a strong score in one factor doesn't offset a material weakness in another.

No vault is graded yet, but the same six checks work today. We read the weakest one first.

[Ethereum Institutional @ethereuminsti]

NYSE parent @ICE_Markets and @okx's 50/50 joint venture, OKXICE, has notified the SEC of plans to launch a tokenized securities venue under the agency's temporary Innovation Exemption.

The proposed venue would offer retail and institutional investors 24/7 secondary trading in tokenized US NMS stocks through @Uniswap v4 liquidity pools on @XLayerOfficial, an @ethereum L2.

Access is permissioned through KYC/KYB, sanctions screening, whitelisting and wallet-bound credentials, while the underlying chain remains public and permissionless.

The tokens are intended to represent one-for-one security entitlements to underlying shares held through a broker-dealer. The notice lists 64 proposed stocks, including NVIDIA, Tesla and Apple, paired with USDC, USDG or USDT.

Ethereum is the home of onchain finance.