Quick update on @Tulpea_org
This week we received the first draft of plans for the Samui project on the first plot we acquired. We expect to receive the final plans by mid July
In parallel we've started speaking with "traditional" real estate investors. Early feedback has been very encouraging, especially on the equity side. The main pain point we're addressing seems to be access to real estate opportunities in markets that remain difficult to invest in through existing solutions, which are still highly fragmented and country specific
We've also selected a law firm with deep expertise in Thailand to help us structure the project properly. Our goal is to provide economic exposure while ensuring strong ownership protection. Direct ownership remains challenging for foreigners in Thailand. For off-plan developments, this is less of an issue since the objective is to develop, sell and distribute profits within 1-2 years. The model is likely less suited to long-term ownership structures spanning 10-15 years
Still a lot of work ahead but things are moving
July should be the month where Tulpea starts becoming much more tangible from a product perspective. Keep connected
While some ship whitepapers, we ship walls.
Tulpea is on the ground, curating the first real estate assets backing our RWA financing.
Real buildings. Real risk structuring. Real cash flow incoming.
The first pool "Genesis" is close.
DeFi lending is broken.
Overcollateralize 130%.
Borrow only against tokens.
Get liquidated when a whale sneezes.
Tulpea flips the model โ
Real assets as collateral.
Real income as yield.
Onchain underwriting.
Structured credit tranches so risk is priced, not prayed away.
15% fixed APY backed by cash flow, not emissions.
This is what DeFi was supposed to be.
Banks donโt manage risk.
They outsource it to people.
Your income.
Your country.
Your profile.
Your entire future.
Tulpea flips the model.
Risk is assessed on assets, cashflows, and structure, not on who you are.
Credit,
Rebuilt.
Free. Limited. For Doge believers.
Say welcome to the "Dogeolith", the first NFT to be minted on @DogeOS testnet.
All WOOFLISTED and @LaikaSuperApp OGs are whitelisted.
More WL opportunities are coming.