Sumcap

Research, conviction & capital as catalyst. Σ DeFi-native yield fund.

[Sumcap @Sumcap]

https://t.co/CCJ4MlRaIO

[Sumcap @Sumcap]

@MidasRWA 🫡

[Sumcap @Sumcap]

@SilvioBusonero Great piece. Tranching doesn’t kill looping, it makes the risk trade legible.

Loopers sell protection through leverage and liquidations. Tranches do it through waterfalls, cooldowns and first-loss capital.

We wrote about this angle here: https://t.co/Bd8WJ3OP6i

[Sumcap @Sumcap]

@pgaff_digital 🫡

[Sumcap @Sumcap]

@LighthouseOne_ Sweet new updates. Team is cooking 👏

[Sumcap @Sumcap]

@MidasRWA Congrats @MidasRWA on smashing $500M TVL. Strong execution 👏

[Sumcap @Sumcap]

Yesterday was a first for Sumcap: the whole engineering team in one room, in person.

We've run distributed since day one. Closed the distance for a full day on the coast: H2 roadmap, long lunch, and the reminder that the team behind the work is the edge.

[Sumcap @Sumcap]

Full breakdown here: https://t.co/STPfXuln95

[Sumcap @Sumcap]

https://t.co/CCJ4MlRaIO

[Sumcap @Sumcap]

The recent @portals_fi podcast with @MidasRWA hit one of the most underrated problems in RWAs: redemption.

The token clears instantly, the asset behind it doesn't, and someone has to absorb that gap and be paid for it. A shared buffer like MSL is one of the cleaner answers.

[Portals.fi | DeFi Explorer @portals_fi]

We asked @MidasRWA about the RWA unwind problem on The DeFi Drop.

Building a leveraged RWA position can be done in a single block but unwinding it can take days.

@Sumcap published a detailed analysis on this exact problem of who absorbs that risk and how they get paid for it✍️

[Sumcap @Sumcap]

Duration risk can land in three places, and a buffer is one of them. It pays redemptions instantly up to a cap, with depositors earning a spread for the gap.

MSL is @MidasRWA's shared build, one module serving many mTokens, cheaper because uncorrelated flows rarely peak together.

The trade is resilience: a siloed buffer can't be drained by a neighbouring run, but sits idle in calm markets.

[Sumcap @Sumcap]

@poopmandefi 🙌

[Sumcap @Sumcap]

@1inch Solves the way in. The way out is harder: an RWA is cheap to build, expensive to dismantle, so the inventory a resolver holds to fill your intent is itself a put.

Routing abstracts access; it doesn't clear redemption.
We mapped it: https://t.co/DYx5E1xyn5

[Sumcap @Sumcap]

https://t.co/CCJ4MlRaIO

[Sumcap @Sumcap]

@bimXBB 🤝

[Sumcap @Sumcap]

Congrats to the @Plasma team on the P1 public launch 🕊️

Out of closed beta with real usage already on the board:
~26k cardholders
~$10m card spend
~$11m across Earn + Checking

Live flows:
https://t.co/MCZqgKMrNf

[Plasma @Plasma]

Plasma One is live now.

Join in the next 7 days and get the Core tier free for your first year. Over $1,000 in value, reserved for early users.

[Midas @MidasRWA]

Sharp deep dive from @sumcap into the "RWA Unwind Problem": a position can open in a single block but take days to unwind, because the token lives onchain while the underlying does not.

The piece walks through the range of fixes the industry has built and also looks into MSL (Midas Staked Liquidity), part of our Open Liquidity Architecture:

Capital is committed up front and lent to the issuer, so holders redeem instantly while depositors are paid for carrying the wait. One shared layer across every mToken.

Read more ⤵️

[Sumcap @Sumcap]

@RobAnon 🤝

[Sumcap @Sumcap]

@andrewhong5297 🫡

[Sumcap @Sumcap]

@BaptisteCota @MidasRWA Our pleasure 🤝

[Sumcap @Sumcap]

https://t.co/CCJ4MlRaIO

[Sumcap @Sumcap]

@JuanSamitier 🫡

[Sumcap @Sumcap]

@BaptisteCota 🤝

[Sumcap @Sumcap]

@FelixLts 🫡