Sinan Koc

Co-Founder @PikuFinance @BiLira_Kripto | Ex @Consensys @Wharton

[Turtle @turtledotxyz]

Turtle is integrating @PikuFinance's StockMarketTRBasisTrade Vault: deposit USDC on Ethereum.

Runs on @MidasRWA infrastructure:
• ~15% net USD target
• ~7.6% in PIKU, plus a Turtle-exclusive multiplier

[AlphaPing @0xAlphaping]

USDC lending against regulated Emerging Market strategies 🇹🇷

https://t.co/tQs9ciy5LR

Turkey’s high-rate environment creates opportunities across equity basis, FX carry and cross-market arbitrage.

The vaults do not invest USDC directly into these strategies.

They provide over-collateralized USDC credit to borrowers posting these strategy assets as collateral.

Three markets. Different collateral. Different risk.

A breakdown ↓

[Sinan Koc @sinankoc__]

@EthanDeFi_ @Morpho Hey I am the founder of Piku, there is a regulated fund behind the BasisTrade strategy. USP backing is fully transparent as well. Happy to answer any questions you have @EthanDeFi_

[Sinan Koc @sinankoc__]

Tranching creates opportunities for different risk appetites, excited to work with @roycoprotocol

[Royco @roycoprotocol]

https://t.co/cdIQCTWaAa

[Piku @PikuFinance]

Morini StockMarketTRBasisTrade is now live on @roycoprotocol

You can now deposit into the senior and junior tranches of the Morini StockMarketTRBasisTrade strategy.

Delta-neutral.
Regulated.
RWA.

Deposit: https://t.co/1YMcZjFBul

[Sinan Koc @sinankoc__]

@Ikebillion_ Yes there was looping by LPs as well, USP/USDC market on Morpho was 5.5 Mil and because the rate increased LPs repayed, the current Morpho market is 3.5 Mil. 2 M of the redemptions came from loopers closing their position

[Sinan Koc @sinankoc__]

@Ikebillion_ @PikuFinance @PharosWatch You can find the new vaults at https://t.co/mi63LO7yfR

[Sinan Koc @sinankoc__]

@Ikebillion_ @PikuFinance @PharosWatch Hey @Ikebillion_ we launched new vault products and part of the USP LPs moved to the new vaults, USP backing is transparent and can be verified onchain

[Sinan Koc @sinankoc__]

@ankurnagpal @AngelList ACCESS

[Accountable @AccountableData]

Morini Capital's FX Arbitrage Vault is live on YieldApp.

@PikuFinance's @MoriniCapital is launching a delta-neutral FX arbitrage vault on Ethereum, with the underlying NAV continuously computed and verified onchain through Accountable's Data Verification Network.

[Midas @MidasRWA]

Midas' Vault OS, our white-label infrastructure for issuing and operating onchain vaults, now powers vaults on @PikuFinance.

[Stacy Muur @stacy_muur]

I think Turkey has some of the most interesting high-yield opportunities rn, but the problem is that we don't really have a good way to access them.

About a month ago, Proposal 34 on @SnapshotLabs helped move Piku’s public positioning from PikuDAO / USP into @PikuFinance, which is a more professional FX Yield Terminal.

Now, Piku is launching 3 new vault products, all issued by Morini Capital:

→ Morini aFXArbUSDTRY
A standalone vault for the main strategy behind USP, focused on Turkish FX arbitrage.

→ Morini CarryTradeUSDTRYLeverage
The higher-risk TRY carry vault. More upside potential, but also real FX + leverage risk.

→ Morini StockMarketTRBasisTrade
A delta-neutral vault for Turkish equity arbitrage. It’s USD-hedged and built to act as the diversifier.

I think the interesting part here is that Piku/Morini turns access to these off-chain Turkish strategies into ERC-20 vault tokens.

So instead of needing traditional fund access, local market setup, or direct relationships with Turkish operators, you can get the exposure packaged into a vault token that you can hold in your wallet.

NGL, I think this gives people way more choice compared to most generic stablecoin/vault products.

[Sinan Koc @sinankoc__]

Launching new FX related delta neutral vaults!

[Piku @PikuFinance]

Today, Piku Finance launches three new tokenized vaults, all issued by @MoriniCapital on Ethereum.

Each provides on-chain access to a different regulated yield strategy:

• Morini aFXArbUSDTRY provides tokenized access to Balsa Market Making Fund (BMMF), a delta-neutral market-making fund in the Turkish crypto market.
• Morini StockMarketTRBasisTrade provides access to a regulated Delta-Neutral Basis Trade arbitrage strategy on Borsa Istanbul equities.
• Morini CarryTradeUSDTRYLeverage provides access to a regulated Turkish Lira leveraged carry trade strategy.

This is the most material product expansion since USP. 🧵

[Sinan Koc @sinankoc__]

@sama UBI

[Sinan Koc @sinankoc__]

Real Time Verification

[Piku @PikuFinance]

USP's biggest backing strategy is now fully verifiable in real time.

@BalsaFinance (BMMF) just launched a live Proof of Solvency Dashboard:

✓ Reserves
✓ Collateralization
✓ Supply

Built on @base with @Accountabledata's Data Verification Network

Learn more about BMMF: https://t.co/V25IUBSUD0
Don't trust. Verify ⤵️

[Elon Musk @elonmusk]

Universal HIGH INCOME via checks issued by the Federal government is the best way to deal with unemployment caused by AI.

AI/robotics will produce goods & services far in excess of the increase in the money supply, so there will not be inflation.

[Sinan Koc @sinankoc__]

The future of vaults

[Sentora @SentoraHQ]

Human-curated DeFi strategies don’t scale.
The next phase is programmable, risk-aware allocation at machine speed.

New piece from Sentora co-founder Jesus Rodriguez👇 https://t.co/gccgWb3jPi

[AlphaPing @0xAlphaping]

The loop: mint USP, supply as collateral on Morpho, borrow USDC, mint more USP. Yield on yield.

Leveraged exposure to USP's native yield without unwinding. Borrow against a yield-bearing position, redeploy, compound.

Alpha USDC Forex V2. Curated with our friends at @piku_dao.

[Stacy Muur @stacy_muur]

You can earn a solid yield just by parking stablecoins.

But not all of them are built the same.

Top 10 stablecoin yield picks by APY (last 30 days, February data):

1. @UnitasLabs sUSDu: 12.13%
Yield from delta hedging a JLP position. $64M TVL.

2. @gaib_ai sAID: 11.56%
Yield from staked $AID. $15.78M TVL.

3. @MidasRWA mF-ONE: 11.18%
Yield from offchain strategies. $104.84M TVL.

4. @LiquityProtocol sBOLD: 10.54%
Yield from protocol revenues + liquidation proceeds. $9.04M TVL.

5. @piku_dao USP: 10.28%
Yield from onchain + offchain assets. $14.65M TVL.

6. @Main_St_Finance msY: 10.24%
Delta-neutral options strategy on the CME. $24.52M TVL.

7. @perena USD*: 9.69%
Yield from delta-neutral strategies. $23.58M TVL.

8. @Neutrl sNUSD: 9.52%
Yield-bearing assets + delta-neutral strategies. $167.94M TVL.

9. @avantprotocol savUSD: 8.18%
Yield from manual strategies. $87.41M TVL.

10. @YuzuMoneyX syzUSD: 8.07%
Yield from various DeFi strategies. $61.36M TVL.

[Upshift @upshift_fi]

Stablecoin issuers like @piku_dao are routing their backing through multi-strategy vaults.

Parking reserves in one lending market means yield compresses when everyone else's does. Blending onchain and OTC strategies spreads that across uncorrelated sources.

earnAUSD: 7.5% APY, $70M TVL, 4 months.