Our team is having one of the greatest offsites ever.
The true meaning of "touching grass".
Can you guess where this is? We will keep sharing more.
We can say the intern got pretty comfortable at some point ๐พ
How does private credit translate into tokenization opportunity?
As David Vatchev, Head of Tokenization @FasanaraCapital puts it - "Now a lot of the yield that comes from DeFi is cyclical, incentive-driven, there's leverage, there's trading. Those are useful, but not very stable."
With private credit, there's real economy and cash flows. This translates into durable, sustainable yield that can serve a need in DeFi.
Since not all private credit belongs onchain, what is it that can be compatible onchain and solves a need for the onchain ecosystem?
We had the pleasure of answering these questions on the latest @edge_pod
sUSN consistently at 10-11.5% APY for the past week.
High yields, but most importantly, sustainable ones. Our vaults have been getting quite the attention lately.
We keep building. USN, the stablecoin for YOU.
Comparison made with @ethena@maplefinance@SkyEcosystem@capapp@USDai_Official
You're not reading that wrong.
15.73% APY. Delta neutral. sUSN is live on Yield App by @AccountableData ๐ฅ
$5.97M already in - live on @monad
Real yield for our community. Vault in the comments. ๐
Believe it or not, tokenized funds can pay out very decent yields.
Here are the top 10 by APY:
1. @usualmoney (USUALX): 14.12%
2. @noon_capital (sUSN): 12.21%
3. @avantprotocol (savUSD): 7.67%
4. @USDai_Official (sUSDai): 7.04%
5. @protocol_fx (fxSAVE): 6.66%
6. @Neutrl (sNUSD): 5.88%
7. @strata_markets (jrUSDe): 5.59%
8. @falconfinance (sUSDf): 5.11%
9. @CapApp (stcUSD): 5.10%
10. @maplefinance (syrupUSDC): 4.83%
All assets have a $10m MC or higher, and each comes from delta-neutral basis trades, OTC arbitrage, private credit, or T-bill exposure.
Pretty solid list.