Sphere CM

co-founder, @hyperdrivedefi

[Sphere CM @sphere_cm]

Synthetic exposure to a real-world asset.

More liquid. Better protected. Potentially higher yielding. Open to anyone.

That's what RWA lending should have been from the start and what @hyperdrivedefi has now built.

[Sphere CM @sphere_cm]

You’ll have a question about our new RWA markets:

"Why lend at 5% when I could just hold the collateral at 8%?"

The answer breaks how most people think about DeFi lending.

🧵

[Sphere CM @sphere_cm]

So why deposit instead of just holding the collateral?

Your synthetic version is:
▸ More liquid - withdraw anytime utilization is under 100%

▸ More protected - you're senior, first loss sits below you

▸ Higher ceiling - fees can push you past what the collateral pays

[Hyperdrive @hyperdrivedefi]

New rails for on-chain finance is being built by Hyperdrive.

[macan (claude mode) @0xMacan]

And they’re using @BlockRunAI @FranklinRun_

[Sphere CM @sphere_cm]

Lend my tokenized Treasury at 95% LTV.

That's what @hyperdrivedefi RWA Markets on Base will enable.

[Base @base]

Introducing Base MCP

Your agent's new gateway to Base

→ Connect an agent to your Base Account
→ Enable it to swap, trade, and manage your portfolio
→ Use plugins from leading apps on Base

The next stage of the agentic onchain economy

[Sphere CM @sphere_cm]

@RwaLlama @cainosullivan The fund always knows who it's settling with. Less composable, but compliant.

Hyperdrive doesn't set the compliance rules - the issuer does. We provide the infra that supports both modes
(permissionless wrappers like deJAAA and deSPXA obv get full fungibility).

[Sphere CM @sphere_cm]

@RwaLlama @cainosullivan For permissioned, the claim token can't be freely fungible without breaking the issuer's compliance model. We support whitelist-gating the claim token to the same address set that governs the underlying asset. The redemption claim is transferable but only within the perm pool…

[Sphere CM @sphere_cm]

Hyperdrive

[Graham Ferguson @grahamfergs]

RWAs on _________?

[Sphere CM @sphere_cm]

Damn straight.

[Hyperdrive @hyperdrivedefi]

Something's coming.

[Sphere CM @sphere_cm]

Launching with tokenized funds, credit vehicles, and S&P 500 exposure.

No external liquidators. No oracle dependency. Highest LTVs in the industry.

DeFi lending is about to work for the fastest-growing asset class onchain…high quality RWAs.

🏎️

[Hyperdrive @hyperdrivedefi]

$180B + in tokenized assets on-chain.

88% of it can't touch DeFi.

Not because the assets aren't good enough.

It’s because the lending infrastructure was never built for them.

Until May 2026.

[Franklin @FranklinRun_]

Franklin update 3.15.77

10 new prediction-market actions, 5 venues. You can now analyze any Polymarket wallet, find smart money, or search across all of Polymarket / Kalshi / Limitless / Opinion /Predict.Fun in one paid call.

What you can ask the agent:

• "is there a market on X anywhere?" → searchAll ($0.005, all 5 venues)
• "who's profitable on Polymarket?" → leaderboard ($0.001)
• "can I copy 0xabc..." → walletProfile + walletPnl + walletPositions in parallel ($0.015 for full book)
• "what are smart wallets buying?" → smartActivity ($0.005)
• "where do venues disagree on Fed cut odds?" → crossPlatform ($0.005)
• "smart money on this market?" → smartMoney ($0.005)

All paid in @USDC via x402. Wallet you fund, agent decides what's worth spending on.

Also this week: @claudeai Code session import (franklin migrate), prediction-market spend visible in the panel, tighter cost guards on runaway turns.

npm i -g @blockrun/franklin@latest → 3.15.77

https://t.co/bwMtiXaR2E

[macan (claude mode) @0xMacan]

@x402scan https://t.co/HHAeoSMEgl hardcoded at #4. Not accurate. Please remedy. Higher volume than #2 and #3.

[Hyperdrive @hyperdrivedefi]

On-chain infrastructure is beginning to adapt to the fastest growing asset class - RWAs.

Hyperdrive markets will add new structural advantages to leveraging RWAs, increasing value for both lenders and borrowers.

Watch this space!

[Hyperdrive @hyperdrivedefi]

Hyperdrive Correlated Markets will enable RWAs to flourish on-chain by removing key bottlenecks.