Rates Exchange

The Leading Hedging Layer For On-chain Markets. Trade or hedge interest rates, compute swaps, FX, fixed-rate equity perps on-chain at millisecond-latency

[Rates Exchange @Rates_Exchange_]

@acedbaptist it's time.

[Rates Exchange @Rates_Exchange_]

* * * * * * * *

[Rates Exchange @Rates_Exchange_]

Every economy runs on predictable cost of capital

Humanity doesn't advance as more assets are traded. It advances as capital deploys with confidence

DeFi 2.0: Predictable capital formation for real economic activities

System Upgrade: @SupernovaLabs_ is now:

RatesDotExchange

[Rates Exchange @Rates_Exchange_]

Two Things.

> Our vision is much bigger. Interest rates have been a solid first step, @Rates_Exchange_ is much bigger than just Interest Rate. FX, Equity Perps, Compute, and markets unknown today

> Hyper capital efficiency. $3m in liquidity enables $1B in fixed rate borrowing. $20m in liquidity can migrate the entire Aave book to fixed rate

Our internal goal is to migrate 90% of Aave book to fixed rate in the next 6 months

[Jai Bhavnani @jaibhavnani]

Prediction: Aave will buy Rates Exchange.

They will embed hedging so deeply to compete with fixed rates offered by Morpho Midnight, etc.

[Rates Exchange @Rates_Exchange_]

@MacroMate8 We are proud to have you too!

[Rates Exchange @Rates_Exchange_]

Every economy runs on predictable cost of capital

Humanity doesn't advance as more assets are traded. It advances as capital deploys with confidence

DeFi 2.0: Predictable capital formation for real economic activities

System Upgrade: @SupernovaLabs_ is now:

RatesDotExchange

[Rates Exchange @Rates_Exchange_]

@Morpho 👀

[Rates Exchange @Rates_Exchange_]

@aave aave 🤝 https://t.co/3bbtKEgqNN

[Rates Exchange @Rates_Exchange_]

As of this morning, you can borrow USDT against BTC and ETH at 0.37% APY from this aave market, with $35M capacity at 3% APY

On top of Aave security, a major CEX is backstopping the risk involved, despite the risk being minimal

DM to borrow here at fixed rate

[Nico | Rates Exchange @nicoypei]

https://t.co/gXCddrtnvm

[Nico | Rates Exchange @nicoypei]

For those who shorted aave borrow rates, congratulations on the 42.2% return in 12 hours @SupernovaLabs_

Shorts not only profited but more importantly helped the market discovered the price of interest and express confidence in aave's solvency and liquidity

Congrats to @aave and @StaniKulechov for resolving the illiquidity issue with grace and strong leadership

DeFi will thrive.

[Rates Exchange @Rates_Exchange_]

.@SupernovaLabs_ featured in @theinformation this morning

trading demand is strong amid market turmoil

Amid USDC/T borrow rate at 15%+ APR, we are helping btc/eth hedge funds, miners, looping whales on hedging and trading interest rates

Please reach out for price quotes.

[Yueqi Yang @Yueqi_Yang]

“A lot of the looping (trades) blew up,” says @nicoypei. “They want to get out or unwind their position, because right now their position is losing money. But the problem is that they can’t right now.”
https://t.co/sr2wTrYHYd 2/

[Seraphim @MacroMate8]

trading interest rates in this environment would have been a lot of fun

[Rates Exchange @Rates_Exchange_]

now, don't miss out on maxx shorting when market gives you the opportunity.

[LUKE CHMIEL⚡️ @talkintokens]

man, i really should have maxx longed defi rates on @SupernovaLabs_ when i had the chance huh

[Rates Exchange @Rates_Exchange_]

Bridge Cefi and Defi with Rates Predictability

[Nico | Rates Exchange @nicoypei]

Over the past weekend, multiple hedge funds and institutional borrowers that previously viewed borrow-rate hedging as non-essential returned to request pricing and execution quotes.

Moments like these make our value proposition clear. Supernova was built for periods of volatility, liquidity stress, and rapidly repricing funding markets when certainty around the cost of capital becomes most valuable.

Demand for interest rate hedging is always most visible during dislocated conditions, as seen again this weekend and during prior market stress events such as the November 2025 Stream Finance collapse.

Our team is actively working through inbound requests, managing quotes, and supporting counterparties in real time.

Without predictable rates, defi cannot scale sustainably. Supernova exists to bring predictable cost of capital to Defi.

[Rates Exchange @Rates_Exchange_]

48 hrs Risk Update: Market Volatility Following the rsETH Incident

Over the past 48 hours, on-chain money markets have experienced significant dislocation following the rsETH incident. Utilization across major stablecoin borrow markets, including USDC, USDT, and USDe, rapidly moved toward 100%, with available withdrawal liquidity materially constrained and borrow rates rising above 15% APR.

Events like these are precisely the scenarios for which resilient market infrastructure must be designed.

As of April 20th 3:30pm EST, Supernova remains fully solvent and operating normally. Across the platform, all core systems have continued to perform as intended under stressed conditions, including:

> Liquidation and margin enforcement systems
> Foreclosure and recovery mechanisms
> vAMM pricing infrastructure
> Central limit order book execution
> Vault accounting and collateral management
> Internal market making and hedging systems

At this time, we have observed no material losses to the protocol.

This market event represents a meaningful real-world stress test of our risk architecture. Extreme volatility and liquidity compression are not theoretical inputs. They are expected operating conditions for serious financial infrastructure. Our systems were built accordingly.

We continue to monitor all markets closely, maintain conservative risk controls, and adjust parameters where appropriate. While broader conditions remain dynamic, the platform has performed as designed through what would reasonably be considered a multi-standard-deviation market shock.

[Seraphim @MacroMate8]

ya at this point im only seeing demand for cedefi solutions with legal recourse and fixed rates ideally as well

hence i been shilling @kamino_liq upcoming cedefi product and @SupernovaLabs_ fixed rates

i lowkey doubled down on ethena a few years back post euler hack because custodians are optimal in many ways

[Rates Exchange @Rates_Exchange_]

Supernova connects Cefi and Defi and has been borrowers-centric since day 1

Off-chain Borrowers. On-chain Yield.

[Seraphim @MacroMate8]

ya at this point im only seeing demand for cedefi solutions with legal recourse and fixed rates ideally as well

hence i been shilling @kamino_liq upcoming cedefi product and @SupernovaLabs_ fixed rates

i lowkey doubled down on ethena a few years back post euler hack because custodians are optimal in many ways

[Rates Exchange @Rates_Exchange_]

Use Supernova to get fixed rate loans from Aave

[Nico | Rates Exchange @nicoypei]

Floating borrow rate is simply too volatile for large-size borrowers to size up on-chain

For serious borrowers, the cost of capital shall always be predictable

Use Supernova to get fixed rate loans from Aave

[Rates Exchange @Rates_Exchange_]

We live and breath distribution

[Nico | Rates Exchange @nicoypei]

If you talk with the right ppl in crypto it's blatantly obvious who have distribution power and who don't

VC retweeting ur launch post is not distribution

Our cap table is built very meticulously with a strong focus on distribution channels

Will share more in details soon