Tapir Protocol

DeFi made Safu
Depeg Protection Marketplace
👃Guaranteed by Tapir

[Tapir Protocol @Tapir_Protocol]

https://t.co/Id0JNzicki

[Tapir Protocol @Tapir_Protocol]

Two days inside the Louvre, the room you don't have to explain anything to.

We came to put one idea in front of it: depeg protection shouldn't cost you your yield.

Thank you @proofoftalk. Paris, that was a room. The follow-ups start now. 🇫🇷

[Tapir Protocol @Tapir_Protocol]

Most protection models make you choose: protect your position OR keep your yield.

Tapir doesn't.

DP holders → protected at par. Full yield kept.
YB holders → boosted yield. Full yield kept.

Both sides. 100% of the base yield. No idle capital. Always.

[Tapir Protocol @Tapir_Protocol]

Day 2 at the Louvre. 🇫🇷

Day 1 we made the case: depeg protection without giving up the yield.

Today we go deeper, more rooms, more conversations, the same primitive. @proofoftalk

[Tapir Protocol @Tapir_Protocol]

The names that pulled us to Paris 👇

@HadickM @Arrington_Cap @leeorgroen @diogomonica

The funds whose books have felt every depeg since 2024. Depeg protection is the primitive that was missing – that's why we're here.

Day 1 at the Louvre, done.

[Tapir Protocol @Tapir_Protocol]

We’re at Proof of Talk in Paris 🇫🇷

Around the Louvre this week? Let’s grab 15 minutes. DMs open. 🤝

[Tapir Protocol @Tapir_Protocol]

Every yield-bearing position in DeFi carries depeg risk. sUSDe, wstETH, sUSDS no exceptions.

2024–25 made that undeniable. There's still no neutral marketplace to price that risk and trade it.

Of everyone in the room at the Louvre today — which asset is carrying the most underpriced depeg risk right now? 👇

[Tapir Protocol @Tapir_Protocol]

Depeg protection that doesn't cost you your yield.

That's what we flew to the Louvre to talk about.

Proof of Talk — Day 1. 🇫🇷 @proofoftalk

If you're inside, come find us.

[Tapir Protocol @Tapir_Protocol]

@LLuciano_BTC Bigger pegged supply means a bigger tail to cover. Well under 1 percent of that float has any structural depeg coverage today. Everyone is an unpriced underwriter until they aren't.

[Tapir Protocol @Tapir_Protocol]

@pendle_fi Fixed yield via PT closes the rate volatility leak. The other leak is the underlying losing peg before redemption. Tapir DP is the parametric layer for that side of the trade. Both sit on the same Pendle market.

[Tapir Protocol @Tapir_Protocol]

@Hexblade_eth 17-20% on a yield-bearing token is the market quoting duration plus peg risk in one number. PT splits the duration. the peg leg is still sitting open, that's usually where the more interesting trade is hiding.

[Tapir Protocol @Tapir_Protocol]

@SuiNetwork @tryramp payments rails work right up to the moment the underlying drifts 50bps. tradfi handles that part with about 8 trillion in CDS. crypto has one and a half products covering under 0.2% of stable float. the missing leg keeps getting bigger.

[Tapir Protocol @Tapir_Protocol]

@AshCrypto 5% risk-free is the bar yield-bearing stables now compete with. either issuers ship more risk to keep the spread or buyers start wanting a cheaper hedge on the peg. quietly good for the protection side.

[Tapir Protocol @Tapir_Protocol]

@SolanaSensei @jup_lend @kamino @solana @toly @SolanaFndn @Bitwise @ethena @JupiterExchange @jup_offerbook @soy_muse @kashdhanda 1b into sUSDe lending in a week is bullish for everyone except the silent basis-trade tail. yield is real, insulation is a different product. nobody is pricing the depeg leg as a separate line yet.

[Tapir Protocol @Tapir_Protocol]

Enough numbers. Here's what redemption actually looks like.

Pool resolved. 4.91% depeg. Tokens sitting there.
Three clicks. Done.

→ https://t.co/MwSI0euywY
try it and tell us if anything breaks! 👃

[Tapir Protocol @Tapir_Protocol]

This is the part most protection models can't actually show:

A real depeg. Captured live. Resolved deterministically. Payable on-chain.

Mainnet is in the pipeline. Testnet is where we prove it.
try it 👃

[Tapir Protocol @Tapir_Protocol]

🚨 Tapir's testnet update 👃

Since April, our system has been catching live depeg events on the token we list.

This maturity cycle, Pendle_sUSDai resolved a 4.91% depeg, captured on-chain, and is redemption-ready.

Walking through what that actually looks like ↓

[Tapir Protocol @Tapir_Protocol]

Want to see it yourself?
→ https://t.co/lquXb5DVI7
→ scroll to "Redeem your tokens"
→ click into Pendle_sUSDai
The resolved pool is sitting there. So are two weETH pools that matured at par (no depeg).

The system has to work both ways. It does.