Building https://teapawt.net/t.co/uNp6LYjazO | @MIT | @Princeton | Formerly @USDC, VC/HF, deep tech strategy | https://teapawt.net/t.co/P67zHj3Tay Nothing I say is financial advice
Joined February 2011
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This 👇 you do not have to throw out the protections that TradFi has long established in order to get onchain composability and permissionless access. You can do both, and hybrid solutions are going to unlock huge growth with this model in place
Unfortunately, the recent spate of hacks in crypto are making protocols, exchanges, vaults, etc. think more about the inherent protections that RWAs provide for onchain markets.
I've been saying it for a while now and my conviction is stronger than ever - DeFi has an existential crisis on its hands which can be mitigated by integrating permissioned assets that have unique protections that bearer assets don't provide.
New whitelisted yield source added to SIERRA and available now to all Sierra vault partners: OpenTrade's institutionally-managed Prime+ vault.
This vault invests across asset-backed securities, mortgage-backed securities, CLOs and short-duration treasury instruments and targets ~200 bps above T-bills
Check it out: sierra.money/resource/sierra…
Love to see the highlight on TradeFlow (👇), one of the most unique assets available onchain today. This is one of the core strategies on our platform, available permissionlessly to SIERRA holders and available to be included in any bespoke vault by our integration partners
“Rice is rice, so there's a good global market for that.”
“We sold within twenty-four hours to another trader and they started taking delivery of it.”
"We actually made more money for our investors at that point."
@TradeflowM ceo Tom James on how his team navigated a disrupted commodity trade during COVID, and why ownership of the underlying physical goods is central to their risk management strategy:
Kevin Mills retweeted
If you're a fintech, neobank, or enterprise looking for the most flexible, secure, and scalable stablecoin yield in the industry - reach out, we have exactly what you need
Plenty of protocols aggregate onchain yields, that's table stakes
Sierra is fundamentally different. Sierra is a full-stack permissionless vault protocol that not only enables institutional-grade stablecoin yield and investment products, but also provides the compliance, security, tokenization, origination and institutional active management of the widest range of RWAs in the industry, uniquely enabled by a network of 40+ global financial institutions behind the scenes
Partners can access our existing vaults, customize and deploy their own, or leverage our infrastructure to launch fully bespoke vaults and assets for whatever use case they need
As Sierra's network grows, the power of our unique shared liquidity architecture continues to compound, improving the experience for every partner building with us while transforming what it means for global companies to access institutional U.S. RWAs for their products and users
We have some big announcements coming soon. Look forward to sharing more, stay tuned
You'll notice Sierra has a different look moving forward.
Very excited to unveil our brand uplift that better supports the growth and direction of Sierra as an institutional RWA vault protocol, and everything that entails.
There is much, much more on the way that we're excited to share soon
Check it out at: sierra.money/
Sierra just got a brand uplift!
Sierra is the same protocol, now with a clearer story and a refreshed identity. Our new website explains Sierra's permissionless RWA vault protocol, built for all institutions, platforms and asset issuers
Check it out: sierra.money/
Absolute shocker
teapawt.net/__kfm__/status/1908195…
I dunno, BNY Mellon and Blackrock aren't exactly "fringe" players
"I'd move every single penny over to JPMorgan or Citi for sure."
"If JPMorgan tomorrow said, hey, Circle, Tether, Ripple, everyone, we're willing to hold your reserves now and we're willing to give you an account and you can mint and burn and swap into treasuries, and we're gonna make it all seamless."
"And it's all gonna be at JPMorgan, the bank that can't even conceptually fail. I think all of them would move their money over to it."
@chrismaurice, Co-Founder & CEO of @yellowcard_app
If you're a fintech, neobank, or enterprise looking for the most flexible, secure, and scalable stablecoin yield in the industry - reach out, we have exactly what you need
Plenty of protocols aggregate onchain yields, that's table stakes
Sierra is fundamentally different. Sierra is a full-stack permissionless vault protocol that not only enables institutional-grade stablecoin yield and investment products, but also provides the compliance, security, tokenization, origination and institutional active management of the widest range of RWAs in the industry, uniquely enabled by a network of 40+ global financial institutions behind the scenes
Partners can access our existing vaults, customize and deploy their own, or leverage our infrastructure to launch fully bespoke vaults and assets for whatever use case they need
As Sierra's network grows, the power of our unique shared liquidity architecture continues to compound, improving the experience for every partner building with us while transforming what it means for global companies to access institutional U.S. RWAs for their products and users
We have some big announcements coming soon. Look forward to sharing more, stay tuned
Kevin Mills retweeted
En LatAm la gente ahorra en dólares. DeFi está al revés. Lo natural es dejar USDC/USDT ganando tasa y tomar stable local como $wARS para pagar el día a día.
Hey @opentrade_io looking good here
The best stablecoin yield opportunities ($10M+ in TVL).
Data by @stablewatchHQ ↓
• @MidasRWA $mF-ONE — 16.56% APY
Yield comes from Fasanara's diversified strategy: private credit, fintech receivables, SME and real-estate-backed lending, plus delta-neutral digital asset positions.
• @opentrade_io $xSOLY — 13.80% APY
Delta-neutral SOL strategy combining staking returns with hedged perpetual futures positions.
• @opentrade_io $XDFIS — 12.96% APY
Diversified portfolio of public and private fixed-income assets.
• @gaib_ai $sAID — 10.01% APY
Tokenized portfolio of AI infrastructure financing deals.
• @UnitasLabs $sUSDu — 9.98% APY
Delta-neutral strategies, including JLP fee carry, funding rate capture, lending and trading fees.
• @avantprotocol $savUSD — 9.64% APY
Actively managed mix of market-neutral, lending, liquidity provision and other DeFi strategies.
• @opentrade_io $XUPL — 9.50% APY
Short-dated, self-liquidating payment receivables generated through cross-border payment flows.
• @YuzuMoneyX $syzUSD — 7.74% APY
Senior tranche of curated DeFi strategies, with the junior tranche taking first losses.
• @USDai_Official $sUSDai — 7.69% APY
Interest on loans backed by GPUs and other AI infrastructure, alongside Treasury bill income.
• @infinifilabs $siUSD — 7.59% APY
Capital deployed across liquid and maturity-based DeFi strategies, including lending and fixed-yield markets.
Compared to last week, the average APY across the top 10 rose from 9.67% to 10.55%, while the highest-yielding asset jumped from 14.53% to 16.56%.
Not crazy numbers, but still an improvement.
Will soon be available for non-custodial and permissionless use cases too 👀
Seeing massive demand for this already. Think this one’s gonna be a banger
Most yield products can't tell you what you'll earn next month. The Prime+ Vault can.
Prime+ gives fintechs, neobanks, and treasury teams a fixed monthly rate. Set at the start of each month, so teams know exactly what they'll earn and can build real margins around it.
- Predictable yield, set monthly
- Full liquidity, no lock-in
- No investment team to build
Backed by liquid fixed-income collateral, held with regulated Tier 1 custodians and verified weekly.
Businesses don’t just chase yield for their products. Security, trust and flexibility come first.
We’re only a few months old, but the companies already trusting us have nearly 4 million users that placed THEIR trust in them
That’s who Sierra is building for
Interesting. Love seeing the direction companies like this are starting to go. Full productization of the underlying primitives
El tema de las estables atadas al peso argentino se está poniendo picante 🌶️
$wARS de @RipioApp vs $ARGt de @twinfinance_ que se opera en @belo_app
Vault de $wARS en @Morpho en Ethereum, curator @kpk_io, con 5B de liquidez
app.morpho.org/ethereum/vaul…
Vault de $ARGt en @monarchlend en Arbitrum, curator @DAMM_Capital, con más de 7B de liquidez
monarchlend.xyz/vault/42161/…
¿Cuál es la idea? Creditos onchain colaterizados.
Esto recién comienza 🚀
