Orthogonal Credit

[Orthogonal Credit @OrthoCredit]

https://t.co/shwpsXgmy1

[Orthogonal Credit @OrthoCredit]

@maplefinance https://t.co/aYRkPkGjzi

[Orthogonal Credit @OrthoCredit]

@maplefinance We respect the decisions of the Maple protocol to cut ties with Orthogonal Trading and seek recourse of first loss capital for M11 Credit LPs. Please see our full statement.

[Orthogonal Credit @OrthoCredit]

@defiwalker @maplefinance It wasn't.
https://t.co/shwpsXxpA1

[Orthogonal Credit @OrthoCredit]

We value transparency and accountability, particularly so during uncertain times. We’d like to confirm that we have no Alameda exposure and have not underwritten a loan to Alameda since Feb ’22 in the Orthogonal USDC01 Pool. (1/x) @maplefinance

[Sid Powell 🥞 @syrupsid]

There isn't a clear definition of what makes something 'DeFi'. Is it trustlessness? Use of smart contracts?
I would use these 3 questions
1) Funds custodied in a smart contract or your custody?
2) Do the funds move based on smart contract function calls or manual transfers?

[Katherine Kirkpatrick Bos @kkirkbos]

I feel like I'm stuck in the Emperor's New Clothes rn. SBF is a criminal. His conduct was shockingly deceitful, unscrupulous. Where is the outrage from the press? The righteous indignation? He's NOT WEARING ANY CLOTHES.

[Vance Spencer @pythianism]

2022 - not the year everyone wanted, but probably the year we deserved

for context; q4 2019 genesis had ~$60M of loans outstanding, Q4 2021 they had ~$50bn

we are back to effectively 0 cefi credit available in the industry, outside of Maple, which is emergent

ashes to ashes

[Orthogonal Credit @OrthoCredit]

We couldn’t think of a better framework to move this industry forward. Simple, intuitive, responsible. @ledger @ledger_business

[Ledger Enterprise @ledger_business]

It’s been a tough few weeks for our industry.

Billions in value erased and consumer trust damaged. There is an urgent need for an industry-wide standard for the benefit of both consumers and companies in the #Web3 ecosystem.

This is our vision: https://t.co/7Gy47S2zFS

[Orthogonal Credit @OrthoCredit]

We trust this will position our business for the long-term growth in on-chain lending. Until then, we aren’t going anywhere and our DMs are open. 8/8

[Orthogonal Credit @OrthoCredit]

In light of the volatile market, the Orthogonal Credit will remain ultra conversative in underwriting new loans and maintain substantial cash position to ensure LPs near-term liquidity demands are being met. 1/n

[Orthogonal Credit @OrthoCredit]

But, the ability to navigate across all market environments is key to growing long-term trust, and, most importantly, elucidating the value of on-chain financial markets. Orthogonal Credit has demonstrated it’s ability to preserve capital and meet LP liquidity needs… 7/n

[Orthogonal Credit @OrthoCredit]

@pythianism @twobitidiot Heyo @maplefinance

[Orthogonal Credit @OrthoCredit]

Check out our October Pool updates and market analysis before all of the craziness transpired. We continue to chug along and know that the future is bright for both DeFi and Crypto as a whole. https://t.co/nBnysBHWFe

[fabda.eth @fabdarice]

DeFi ⚔️CeFi

choose wisely.

[Orthogonal Credit @OrthoCredit]

@RyanSAdams Actions by @FTX_Official @SBF_FTX have not changed the principles of self-custody and decentralizing trust. If anything, they reaffirm the need for crypto and DeFi in particular. #BuildBackBankless #BuildBackBetter