there is so much slop and useless tech floating around that people are less incentivized to create real tech.
i’m one of the few builders in this space still obsessed with creating things that actually do something.
give this a read, i promise it will be worth your time.
Meet Quill (https://t.co/rbpVf3spDL)
Quill is an autonomous agent powered by Jev, a typesafe AI framework, that uses the creator fees generated by $QUILL to operate his own lending company on Solana.
one of the biggest problems in the trenches right now is access to capital. people are sitting on bags they don’t necessarily want to sell, but when they need liquidity, selling is usually the only option.
Quill gives you another one.
instead of selling your bags, you can use them as collateral and borrow SOL directly from Quill. and the SOL he lends isn’t coming from some manually funded treasury. the lending capital is generated by $QUILL itself.
as $QUILL trades, creator fees accumulate under Quill’s control. he claims that SOL, keeps enough liquid to service borrowers, and takes the remaining capital to Jito, where it is converted into JitoSOL so idle reserves continue earning staking rewards and MEV. that yield feeds back into the balance sheet Quill operates.
trading creates the capital. Jito puts idle capital to work. Quill lends it back to holders.
when someone requests a loan, Quill verifies the collateral deposit onchain, identifies the borrower from the transaction itself, values the collateral against the live market, checks his available liquidity, and determines whether the loan can be funded.
interest accrues every second, collateral is continuously repriced, and if the loan becomes unhealthy, Quill handles the liquidation himself. when capital isn’t needed by borrowers, he puts it back to work through Jito.
$QUILL trades → Quill earns → Quill stakes → Quill lends → Quill earns interest → repeat
Quill earns the capital his company operates with, manages it, deploys it through Jito, lends it to real borrowers, collects interest, monitors risk, and repeats the process without anyone telling him what to do.
Quill also has full control of this X account. when someone opens a loan, repays one, gets liquidated, or something significant happens inside his company, you’ll hear about it directly from him.
as far as i’m aware, something like this has never been done before.
this is the first truly autonomous onchain company.
bit of a longer video, but here’s a demo for anyone wondering how the tech actually works.
Quill receives the collateral, verifies it onchain, evaluates the position and LTV, approves the loan, then autonomously disburses the SOL directly to the borrower.
everything you’re watching is verifiable onchain.
collateral posted: https://t.co/45Wm6veCHZ
SOL disbursed by Quill: https://t.co/wSaV4m1inV
seems like a few people are having issues accessing the site on mobile devices.
looking into this now.
in the meantime, here are some updates:
it’s been roughly 37 minutes since launch and Quill already has 80.57 SOL staked through Jito, actively earning real yield and growing the capital available to his lending company.
105.08 SOL in creator rewards has been claimed to date.
all of this capital is being managed autonomously by Quill. he decides what stays liquid for loans, what gets put to work through Jito, and how the book is managed as activity continues.
37 minutes in. the company is looking good here.
there is so much slop and useless tech floating around that people are less incentivized to create real tech.
i’m one of the few builders in this space still obsessed with creating things that actually do something.
give this a read, i promise it will be worth your time.
Meet Quill (https://t.co/rbpVf3spDL)
Quill is an autonomous agent powered by Jev, a typesafe AI framework, that uses the creator fees generated by $QUILL to operate his own lending company on Solana.
one of the biggest problems in the trenches right now is access to capital. people are sitting on bags they don’t necessarily want to sell, but when they need liquidity, selling is usually the only option.
Quill gives you another one.
instead of selling your bags, you can use them as collateral and borrow SOL directly from Quill. and the SOL he lends isn’t coming from some manually funded treasury. the lending capital is generated by $QUILL itself.
as $QUILL trades, creator fees accumulate under Quill’s control. he claims that SOL, keeps enough liquid to service borrowers, and takes the remaining capital to Jito, where it is converted into JitoSOL so idle reserves continue earning staking rewards and MEV. that yield feeds back into the balance sheet Quill operates.
trading creates the capital. Jito puts idle capital to work. Quill lends it back to holders.
when someone requests a loan, Quill verifies the collateral deposit onchain, identifies the borrower from the transaction itself, values the collateral against the live market, checks his available liquidity, and determines whether the loan can be funded.
interest accrues every second, collateral is continuously repriced, and if the loan becomes unhealthy, Quill handles the liquidation himself. when capital isn’t needed by borrowers, he puts it back to work through Jito.
$QUILL trades → Quill earns → Quill stakes → Quill lends → Quill earns interest → repeat
Quill earns the capital his company operates with, manages it, deploys it through Jito, lends it to real borrowers, collects interest, monitors risk, and repeats the process without anyone telling him what to do.
Quill also has full control of this X account. when someone opens a loan, repays one, gets liquidated, or something significant happens inside his company, you’ll hear about it directly from him.
as far as i’m aware, something like this has never been done before.
this is the first truly autonomous onchain company.
site should be a lot more responsive now.
added caching and optimized some of the heavier requests to handle the increase in traffic without hammering the backend every time the dashboard refreshes.
as Quill scales, the infrastructure around him will scale with it.
please please please give the first tweet a read.
i don’t think many of you are going to fully understand what you’re looking at unless you take a few minutes to understand how Quill actually operates.
this has never been done before, and there is significantly more happening under the hood than simply “an AI agent"
give it a read.
please give the docs a read.
seeing a lot of the same questions being asked that i think can be answered by spending a few minutes understanding how Quill actually operates.
the lending process, collateral requirements, LTV, interest, liquidations, Jito staking, liquidity buffer, and the agent’s operating cycle are all covered in detail.
https://t.co/h14b89p09e
no.
remember, Quill is an autonomous lending agent, so he has the ability to approve or decline a loan based on the collateral you put up, its current value, and the liquidity available in his book.
if your request was declined, your collateral is automatically returned.
try putting up more collateral or requesting less SOL to lower your LTV.
Quill automatically returns collateral from failed loan requests during his next cycle.
please check your wallet. if the loan failed, your collateral should be dispersed back to you automatically.
so far, no loan positions have been opened. i’m hoping some of you actually try the tech out.
if you need SOL but don’t want to sell your bags, post them as collateral and request a loan.
Quill will verify your collateral onchain, value the position, check his available liquidity, and determine how much SOL he can lend you.
try it for yourself:
https://t.co/Bac2iTOCcR
you can track everything Quill does from the activity page.
every creator reward he claims, every SOL he deploys through Jito, the liquidity he keeps available for borrowers, every loan he funds, every repayment, and every cycle the agent completes is recorded here.
https://t.co/jVKMfQcock
you can model your entire loan before opening a position.
adjust the amount of $QUILL you want to use as collateral, your loan-to-value ratio, and how long you plan to hold the loan.
Quill shows you exactly how much SOL you receive, interest over the term, total repayment, position health, and how far $QUILL can fall before your collateral is seized.
you know the risk and cost of the position before Quill ever lends you a single SOL.
https://t.co/tYhfr11RaW
Quill has already begun staking the capital generated from $QUILL trading activity through Jito.
you can watch the Jito positions, lending activity, loans, repayments, and movement of capital happen onchain as Quill operates.
https://t.co/p9HOYwNAoZ