Protofire | Onchain Engineering

The engineering behind institutional onchain finance: DeFi, RWAs, tokenization and stablecoins since 2016

[Protofire | Onchain Engineering @protofire]

3,000+ firms sold crypto in Europe before MiCA. About 325 hold a licence today. The ones left are shipping.

We documented 21 live architectures, end to end: the exact article, who runs it, which vendors held up, and the one layer no vendor sells.

https://t.co/iLYMRfzWkW

[Protofire | Onchain Engineering @protofire]

"Tokenizing them doesn't suddenly increase liquidity or demand for trading these assets."

@alanchiu of @bobanetwork on RWA secondary markets, Protocol Roundtable Ep 2.

Full episode: https://t.co/I4p6dwtudD

[Protofire | Onchain Engineering @protofire]

@Uber kept cash in a tokenized MMF from Thursday to Sunday and earned about 1.5 extra days of yield (Bloomberg).

The issuer's side of that: what can move while the fund isn't dealing?

In the pattern our BP-13 Blueprint maps, approved-holder transfers run 24/7 and redemption stays on fund hours. https://t.co/hHJe58sm5O

[Protofire | Onchain Engineering @protofire]

@Potven A banking licence and published proof of reserves are both useful signals, but neither guarantees safety. The real test is the infrastructure behind them.

This is exactly why the underlying architecture matters as financial institutions move onchain.

[Protofire | Onchain Engineering @protofire]

Prediction markets: $123.3B traded in October (Artemis). Kalshi about 80%, Polymarket about 16%.

Lending against an open position is simple for most of its life. The last days before resolution are where it gets hard: the price can gap to 0 or 1 before a liquidation clears.

[Protofire | Onchain Engineering @protofire]

Our Founding Member Andrei Yurkevich joined @stabledash to talk about Morpho becoming a standard layer for crypto lending.

That lets lenders launch on audited, open-source markets and focus on KYC, custody, and liquidation policy.

Crypto-Backed Lombard Loans, reviewed by Andrei: https://t.co/PrxrohqV36

[Stabledash @stabledash]

"Morpho is becoming a de facto standard for crypto lending, borrowing, vault management." — @yurkvch

[Protofire | Onchain Engineering @protofire]

@stabledash @yurkvch @Morpho Thanks for having Andrei on. Morpho gives institutions audited, open-source lending markets out of the box, so the work left is their own side: KYC, custody, the licence to lend and liquidation policy. Our Lombard Loans Blueprint maps it.

[Protofire | Onchain Engineering @protofire]

Multisig approvals should not require reading the function name or bytecode.

Protofire Multisig describes transactions and signed messages in plain words before they are signed, under ERC-7730. Each description is now checked against an independent attestation that confirms it matches what the contract does.

Live on eighteen networks!

Thanks to @sourcifyeth, whose v0.3.0 package we used for the attestation flow.

A description exists only where the protocol published one, and the standard is still a draft.

Treat it as an extra check. Your judgment still signs.

https://t.co/r7jPEB7yBD

[Protofire | Onchain Engineering @protofire]

@DavidCryptoSec Honestly, the contracts were the easy part. The harder part is the operating model and what the institution runs itself vs what it gets from licensed providers (custody, staking, travel rule). That changes a lot depending on what each license covers.

[Protofire | Onchain Engineering @protofire]

3,000+ firms sold crypto in Europe before MiCA. About 325 hold a licence today. The ones left are shipping.

We documented 21 live architectures, end to end: the exact article, who runs it, which vendors held up, and the one layer no vendor sells.

https://t.co/iLYMRfzWkW

[Protofire | Onchain Engineering @protofire]

Ran Goldi from Fireblocks on who is arriving in stablecoins now: banks that can finally touch the asset after the GENIUS Act, running money-movement POCs and finding capital and speed savings they hadn’t expected.

For EU institutions taking that past the POC, our Blueprints show how these payment and settlement patterns run in production under MiCA, TFR and DORA: https://t.co/NhQOgwdKnI

[Protofire | Onchain Engineering @protofire]

Run your whole approval flow on a testnet without a single signer holding testnet tokens.

Sponsored transactions are now live on testnets in Protofire Multisig.

Protofire Multisig pays the gas on transactions, so the people approving don’t have to go hunting for faucet drips first. @ethereum Sepolia, @base Sepolia, and Hoodi testnet are live.

Try it at https://t.co/r7jPEB7yBD

[Protofire | Onchain Engineering @protofire]

@LeylaHawn Its gearing up to be a busy November!

[Protofire | Onchain Engineering @protofire]

Onchain finance is moving forward. But what will it take to make it work at scale?

Stablecoin payments, tokenized deposits, asset liquidity, and AI agents. Here are the key takeaways from October's TOKEN2049, Money20/20, and MERGE Madrid.

Read more 👇 https://t.co/lsDvZxB3xB

[Protofire | Onchain Engineering @protofire]

What keeps a bank blockchain pilot running forever?

Sometimes it’s missing evidence. Sometimes nobody wants to own the product.

Protofire’s Rado Patus (@Potven) on why that distinction matters:

https://t.co/jHzPMbSXWQ

[Protofire | Onchain Engineering @protofire]

@YAPGlobalTeam @david_enim @valoryag @autonolas @yurkvch @DonJohnsonSays @ayushbherwani Great to have David on the show!

[Protofire | Onchain Engineering @protofire]

@autonolas @david_enim Thanks for joining us!
https://t.co/5sauFBPILY

[Protofire | Onchain Engineering @protofire]

@fuero_xyz The marketing team right now

[Protofire | Onchain Engineering @protofire]

The Protocol Roundtable, Ep. 7: When Autonomous AI Agents Go Onchain https://t.co/k5ayzQzY6j

[Protofire | Onchain Engineering @protofire]

@Patrick_Dowsers Sorry to hear that Patrick! Our recording will be available to watch in case you want to catch up when you're free 🚀

[Protofire | Onchain Engineering @protofire]

@MetaMaskBuild @ayushbherwani We're live! https://t.co/fYtmveyDE9

[Protofire | Onchain Engineering @protofire]

The Protocol Roundtable, Ep. 7: When Autonomous AI Agents Go Onchain https://t.co/k5ayzQzY6j

[Protofire | Onchain Engineering @protofire]

On the panel:

Ayush Bherwani, Senior DevRel Engineer, MetaMask @MetaMaskBuild
Darren Gray, Head of Ecosystem, @QuickswapDEX
Don Johnson, Chef, @virtuals_io
David Minarsch, Founding Member, @autonolas , CEO & Co-Founder, @valoryag