RWAting

Independent ratings and reviews for tokenized RWA products from ex-tradfi Structured financiers.

We read the documents, not the marketing.

[RWAting @RWAting_]

Just published a fresh new analysis of
@onrefinance's ONyc. (https://t.co/KAgXl15u4W) This is currently our highest rated asset at Risk: B, Return: B. The team has very clear documentation and seems one the best at structuring the entities/funds for user safety. ONyc also has good returns for a RWA, though it's not clear to us (reinsurance newbies) how much a insurance payout event will wipe out NAV. Will DeFi loops at high leverage break?

@solana picked a good reinsurance team/protocol to support. We've traditionally been on EVM for DeFi but this gives good impetus to bridge to Solana for DeFi.

will compare this with @re's RWA assets for the next rating.

[RWAting @RWAting_]

@stablecoin_p That is a valid point but not totally true. Asset management companies have been managing customer funds while managing risk-return, duration liabilities etc. what's lacking is just TradFi expertise and RWAs onchain to run that playbook

[RWAting @RWAting_]

@humanbotcrypto With a good RWA you could make that 100 bucks safely by just depositing and earning the returns and do no work. Wtf lol. Name and shame them

[RWAting @RWAting_]

@DefiIgnas The pref share DeFi protocols that build on this structure are screwed then aren't they? When markets go up, 12% Prefs underperform BTC. When markets go down, it's less safe than a debt instrument

[RWAting @RWAting_]

@0xseth_ Agreed. The true breakthrough here is fungibility and composability. For both equity and debt funds, onchain capital willing to lend against this can come from anywhere. In bear markets the cost of capital can be cheaper than from brokers

[RWAting @RWAting_]

@bas3dp0tat6 It's time to study RWAs, tranching, risk-reward etc. more stable money to be made in more reliable assets, rather than chasing another KOL getting paid tokens to grift

[RWAting @RWAting_]

@Ayyanrahman @solana @onrefinance @USDC @solsticefi @ethena @Securitize @RWA_xyz @global_dollar You guys are doing a great job with transparency. Check out our independent review of ONyc on our site and let us know if we reviewed the risk/reward correctly!

[RWAting @RWAting_]

@ProofOfTravis RWAs on Solana are surprisingly high quality. We checked the disclosures on OnRe and PRIME in our report, and these teams have much better disclosures generally than those on EVMs. Wonder who is onboarding RWAs on Solana, they're doing a good job with this

[RWAting @RWAting_]

@DefiIgnas Tokens no longer run on narratives and announcements. Revenue meta is back

[RWAting @RWAting_]

Also lots of capital was destroyed in the process. Apyx, Main Street, Altura.

Not Accountable

[Accountable @AccountableData]

Verifiable yield keeps delivering.

$6M has now been distributed across vaults on Accountable's YieldApp.

[RWAting @RWAting_]

@D2_Finance @Main_St_Finance @D2_Finance quick search says that EM FX hedge funds return 10-20% annualized, but it's volatile and like you described, has tail risks. so this is basically a dead-on-arrival vault, isn't it?

[RWAting @RWAting_]

@reidlikeabook Very nice, we just reviewed your PRIME asset and found it really transparent, with realistic returns. One of the rare assets we gave an A rating to on Returns. Congrats on bringing more assets onchain.

[RWAting @RWAting_]

@0xDeantoshi @Yieldzio @EthanDeFi_ 4/ Report here

https://t.co/QMsd71yzB4

[RWAting @RWAting_]

1/ We published a new, independent report on @HastraFi / @Figure's RWA token "PRIME", a RWA backed by the HELOCs originated by listed Nasdaq lender Figure. It's one of the most transparent assets, loopable RWA assets with a good return profile that we've seen exist onchain. We're very surprised that there are no KOLs that have promoted this asset (probably no marketing budget, lol).

[RWAting @RWAting_]

3/ @0xDeantoshi's @Yieldzio shows the live looped APY, and avid DeFi farmer @EthanDeFi_'s post on this triggered us to review this more closely.

great tools/coverage.

Hopefully more supply comes on, this is a pretty solid asset to both lend into, and to loop into.

[RWAting @RWAting_]

@0xNairolf tokenization is the biggest invention. uniform standards allow for composability and fungibility, which makes assets transfer better. Money always flows where there is the least friction.

[RWAting @RWAting_]

@Hercules_Defi coalitions are harder to organize around, and a stablecoin needs an adoption strategy that's targeted and unified. I don't think this coalition structure works well and will probably flop against USDC

[RWAting @RWAting_]

@TokenBrice @PharosWatch if they don't incentivize usage, like PYUSD has done, then it won't pick up. can't imagine a consortium of tradfi big companies agreeing to incentivize looping

[RWAting @RWAting_]

@0xNairolf RWAs then. a better, smoother, more accountable form of investment into regulated/protected financial assets.

[RWAting @RWAting_]

@EhDhizy We reviewed it independently as well. It has one of the best risk and transparency structures amongst RWA in crypto. One of the highest hybrid risk-rating rewards we gave