Ryne Saxe

ceo @eco. Building more than tweeting. Elsewhere analog.

[Ryne Saxe @rynesaxe]

@awxjack Exception: https://t.co/PJ6DRTPOkj

That's where the entirely new design space is, and the entire reason Eco exists.

DMs open, would love to keep exploring how we can support AW and now Alta as well.

[Ryne Saxe @rynesaxe]

@awxjack @airwallex everyone says cross-border. Sure w/e, there's some low-hanging fruit there. IMO not actually most interesting or impactful.

Programmability is way more interesting. Opinionated settlement rules, yield strategies, rev-share, etc, embedded in the send.

[Ryne Saxe @rynesaxe]

@thinkingcrypto @eco @ThinkCryptoPod Programmable Money heard.

Great conversation as always @thinkingcrypto

[Ryne Saxe @rynesaxe]

@davidtsocy @base @eco Totally new paradigm. Hook up your agent and deploy.

Sauce is the first onchain harness to give your agent full expression, with failsafe execution against whatever rules you define.

Opens up entirely new possibilities.

[Ryne Saxe @rynesaxe]

We think it's incredibly powerful for agents.

Sauce transactions evaluate and react to state changes within the transaction block. They can re-route if pool depth/impact change from the top. You can encode limit order constraints, and the transaction will either fully satisfy them, or roll back and gracefully revert (so money never moved and no risk of getting stuck in-between on a multihop route).

Would love you to try it and give feedback!

[Ryne Saxe @rynesaxe]

A runtime, but for transactions.

ie "Transactions that think."

Early launch partners are using Sauce SDK to do things they fundamentally could not before, speeding up development cycles and giving their onchain money flows failsafe execution. More to say and show soon.

[Eco @eco]

Blockchains and stablecoins promised us programmable money. So far we have smart contracts, but dumb transactions.

Today, Eco is launching the Sauce SDK and Skills to upgrade the transaction itself: turn onchain transactions into programs with guaranteed outcomes, across EVM chains and Solana.

Your logic runs inside the transaction, against live market conditions, and delivers the outcome you defined or reverts entirely.

Built for developers, agents, and enterprises moving money onchain. Live on @Arc, @Base, @Ethereum, and @Solana today (with more to come).

Eco was built to deliver on the promise of programmable money. Sauce takes that mission a big step further by giving you more control, with failsafe execution.

Read more below, or visit https://t.co/LH9DMZ6JXP to get started.

[Ryne Saxe @rynesaxe]

@ledgerstatus Right now I'm in the middle of trying to finish starting something smart. After this, whatever the outcome, I'd be glad to partner on starting something dumb.

[Ryne Saxe @rynesaxe]

In 2021 the Eco App was pretty distinct in the market. There were lots of neobanks but not really another regulated app building the full lifecycle on top of a stablecoin-native backend.

People would ask me who I thought was most competitive. And invariably without pause, I'd say "It should be Coinbase, whenever they realize it." And somehow, they didn't realize it, or just didn't make that bet.

Since the Eco App is no more, the only change five years later is my verb tense. It should have been Coinbase. The opportunity is still open, but the window has narrowed. I'd full-port the Base consumer brand to this. Let Robinhood have consumer trading; go be the primary account.

[Ryne Saxe @rynesaxe]

@defyneric yep. @current as well.

also in my personal (but strong) opinion, something like this is what @base app should be / could be. Hot take. Get the dollars onchain.

[Ryne Saxe @rynesaxe]

@sternhenri send it

[Ryne Saxe @rynesaxe]

$60B prices Ramp becoming the new company OS. We are way beyond expense management.

[Ramp @tryramp]

Introducing Glass.

AI made every employee faster. Glass makes the entire company smarter.

[Ryne Saxe @rynesaxe]

@defyneric even without agents, and just for neobanks, this is a winning idea and play.

https://t.co/752cyHNXjz

[Ryne Saxe @rynesaxe]

Fun @eco lore:

In 2021 we launched 'Points' to reward community contribution and save/spend loops through our original Eco App (RIP). It lit up Discord engagement and our app growth and retention. We were hanging on for dear life.

In 2023 we piloted a Points Store in the app, where people could redeem for a limited-supply consumer good (first a @beasthealth blender) at a discount.

The idea was that, by deeply understanding users' recurring spend preferences, and incentivizing them to happen through our app using stablecoins — cutting out processing fees and brand marketing expense — we could create a positive-sum loop where brands would extend premium discount offers directly to our users.

The blenders flew off the shelf so quickly that the Beast team reached out, asking what we were doing and how we were moving their product so quickly, and offering to allocate more.

There's a real insight in this. If you're building a stablecoin consumer app or neobank, we're here to help and @eco infra can help power it. We'll tell you everything we know to help level up UX and user behavior loops in your product.

[Ryne Saxe @rynesaxe]

@sytaylor It's interesting and incredibly bullish to start thinking about stablecoins as compute, in some sense.

https://t.co/l5152cdi7V

[Ryne Saxe @rynesaxe]

Think about Eco's routing+pricing engines like an LLM, reasoning across chains and markets in real-time. Then think about the combination of our routing SDK/MCP (👀) and our partners' offchain policy engine as the harness.

Together, these enable developers and institutional traders and money movers to navigate onchain markets like never before.

In this analogy, stablecoins are the tokens, but also the compute. More to come on this last part.

[Ryne Saxe @rynesaxe]

@RegenRene @0xZOZ @Celo @minipay can confirm

[Ryne Saxe @rynesaxe]

@dberenzon @mattytay @octane_security can confirm

[Ryne Saxe @rynesaxe]

This is interesting, but I'm not sure you need insurance in the traditional underwriting sense. I'm guessing for offchain (card) payments, the networks and Stripe will figure this out as an extension of fraud and chargeback analysis and prevention, within those existing frameworks. But onchain...

Onchain (assume stablecoins) is where you probably need something novel and different: A sort of harness that can give all-or-nothing execution against whatever the offchain limits and prompts are, with simulation and validation before and during transaction execution. Either the limits and conditions are fully satisfied, or money doesn't move at all. You'd charge a premium (probably something like a gas surcharge) for the execution guarantee.

Incidentally Eco has a version of this second thing, in prod today with a few early partners testing; slated for broader public access during Q4. Probably the thing I'm most excited about in our stack.

[Ryne Saxe @rynesaxe]

@Shiretowndown @EthenaPay Soon I trust... They have a real shot.

[Ryne Saxe @rynesaxe]

The crypto neobank wars are getting hotter. New products, new capital, new incentives.

I will move my financial life to the first one that looks and feels as delightful as this, across the full deposit-earn-spend-loyalty journey.

Still lots of opportunity to differentiate.

[Ryne Saxe @rynesaxe]

Status check: remains true.

[Ryne Saxe @rynesaxe]

@deanfluence @jumperapp Wanting to create awesome @jumperapp content, already creating awesome @jumperapp execution.