After several months of work, I'm proud to announce that EtherFi has made their first deployment to infiniFi - this is strong validation of our neobank distribution thesis!
Thanks to the fantastic folks at EtherFi - this is just the beginning!
🎙️ Ep 233 is live
🏦 Why Private Credit Is Moving Onchain — And What DeFi Gets Right and Wrong About It
✨ Featuring @FasanaraCapital Head of Tokenization David Vatchev, @noon_capital Founder @ag_noon, and @infiniFi CoFounder @RobAnon
https://t.co/4JlXWcqcww
young couples trying to raise a family in our clown economy are admirable bordering on heroic, so if you have kids, its actually a patriotic duty to invade spaces where boomers, "childfree" redditors, disney adults, other sorts of foul beasts, cavort and stuff their putrid jowls
The founder of @infiniFi reveals that during the Resolv hack, infiniFi managed $60 million in outflows in 48 hours without running out of liquidity.
"During the Resolv situation, when a bunch of people were deleveraging from Gauntlet, we managed to handle $60 million in outflows in 48 hours without ever running into a situation where there wasn't enough liquidity for people to be doing continuous redemptions."
"When USR got hacked, Gauntlet took on $5 million of bad debt. All their lenders pulled out so they wouldn't get left holding the bag. I don't blame them, but they were also lending to us, so that meant our borrow rate spiked, but we never had any problems."
If you think about it, tranching is not insurance protocol itself, but it acts as insurance of underlying allocations.
Example: @infiniFi junior positions can be seen as @pendle_fi insurance sellers.
Vibecoded a hack coverage simulator: https://t.co/kJrUQiqBIV (probably has wrong data)
Same logic could apply to @avantprotocol, @YuzuMoneyX, or future deployments on @roycoprotocol, @strata_markets and other junior pools.
Obviously depends on the exact wording of each structure. For the latter, it is mostly about covering financial drawdowns at the NAV level.
No matter how good your security as a DeFi Founder is, you gotta keep in mind: you are NEVER done.
My personal ideal is 4/7 multisig, but each signer is a 2/2 MPC. Best parts of on-chain verifiability and off-chain auditability under the same roof
@0xngmi This is one of the problems that we built infiniFi to solve. Currently, you can send any singular position in our protocol fully to zero and no senior tranche impairment will occur. You need multiple cross-asset failures to achieve that
@JuanSamitier@infiniFi@pendle_fi This is cool, though I have no idea what "Reserves" are as labeled?
You can source our data here: https://t.co/scihPmYHrT