RWA
The RWA tokenization spectrum: from no claim to native claim
Two tokens can pay the same yield and differ by orders of magnitude in what you legally own. A five-level spectrum for evaluating tokenized RWAs.
liquidity
vaults
Designing vaults for lending collateral
Yield vaults are built for depositors. Lending protocols need something different: they need to liquidate. What an ideal collateral vault looks like.
credit
Prediction markets are not derivatives
Derivatives reference a process that evolves. Prediction markets reference an event waiting to resolve. That difference breaks all the hedging machinery.
Announcements
Credit runs on Sprinter
Say hello to a new Sprinter, enhanced from the ground up with new infrastructure, a new identity, and a new level of ambition.
DeFi
Part III - Programmable, Usage‑Constrained Credit (Cross‑Chain Solvers and Beyond)
The final part of the series develops a concrete architecture for usage‑constrained credit in crosschain intent fulfillment, then generalizes it to other closed‑loop loans.
Announcements
Ready, Set, Stash - The Sprinter Olympics Begin Tomorrow!
Sprinter Stash’s app will officially go live tomorrow at 12pm CET, unlocking a new way for DeFi participants to earn rewards by contributing USDC liquidity to Sprinter Stash.