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DeFa Private Mainnet is now live on ZIGChain Following strong demand from Zignaly vaults, where capital earned stable returns while funding real businesses, we’ve deployed native private credit pools on ZIGChain. Don’t let your coins stay idle, start earning yield.

28,280 просмотров • 4 месяцев назад •via X (Twitter)

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$sthUSD Is Live: Yield Becomes Native at Tharwa Today we open the next chapter of Tharwa. $sthUSD, our yield-bearing stablecoin layer, is now live and ready for the public. For years, stablecoins have been a $250B+ market, but nearly all of that capital has sat idle. Holders earned nothing while issuers pocketed the yield. sthUSD changes that. It makes yield a native property of money itself, flowing directly into your wallet from a portfolio of real-world assets. What is $sthUSD? sthUSD is the staked version of thUSD. It is built on an ERC-4626-inspired design, reconfigured specifically for Tharwa with a new instant-withdraw class and optimizations that make it more efficient. At launch, entry and exit fees are set at zero to encourage adoption. The mechanics are simple: • Mint $thUSD • Stake it into the $sthUSD contract • Receive $sthUSD and watch your balance grow automatically No farming gimmicks, no manual claims, no hidden risks. Withdrawals are instant. Where the Yield Comes From The yield behind sthUSD is real and transparent. It comes from the same diversified portfolio that backs thUSD: sukuk, UAE real estate, gold, and capped exposure to commodities. As these assets generate income, returns are routed through the protocol treasury and distributed proportionally to sthUSD holders. Rewards are time-weighted, vested automatically, and visible on-chain. This is not emission-driven yield. It is powered by cash flows from real-world assets, optimized through Tharwa’s portfolio design and risk framework. Why sthUSD Matters sthUSD completes the foundation of Tharwa’s ecosystem. thUSD provides stability. sthUSD turns it into a currency that compounds by default. Together, they make Tharwa function like an on-chain hedge fund: stable by design, yield-bearing by nature. That opens the door to much bigger things. sthUSD can become the backbone collateral for DeFi integrations, a reserve asset for DAOs, or a passive income instrument for institutions. It is designed to be simple for retail, yet robust enough for treasuries and fund allocators. The speculation is not whether sthUSD will matter, it is how far it spreads once DeFi realizes what it unlocks. What’s Next Launching sthUSD is not the end, it is the start of a much larger system. Coming up: • Expansion of static yield bonds through ERC-1155 vaults • Integration of sthUSD into DeFi liquidity pools and lending protocols • OTC marketplace for secondary liquidity • Production-grade AI assistant for rebalancing • Development of segregated sukuk vaults for faith-aligned yields sthUSD is the product that transforms thUSD from a stable placeholder into an income-generating unit of account. If stablecoins were the backbone of DeFi until now, sthUSD is what makes that backbone yield-bearing and alive. Stake Now:

Tharwa

54,757 просмотров • 11 месяцев назад

You experienced Term Auctions, you’ve signed the Blue Sheets, now it’s time to enter the Vault. Term Strategy Vaults are built on yearn V3, and are automated to make fixed-rate lending effortless. - Pick your strategy - Deposit your funds - Secure predictable yields Everything is audited, automated, and available for any user. Welcome to seamless DeFi, with Term. Let’s dive deeper 🧵 1/ What are Term Strategy Vaults? They’re automated DeFi tools that make fixed-rate lending effortless. Built on yearn V3, these vaults simplify liquidity management, reinvest earnings, and optimize risk-adjusted yields for passive investors. 2/ How does it work? Funds are re-balanced across lending positions while maintaining prudent portfolio risk controls: ▫️ Participate in Term Auctions & Blue Sheets. ▫️ Focus on fixed-rate lending = capital efficient and consistent yields. 3/ Why choose Term Strategy Vaults? 🔹 Automated lending + strict portfolio controls 🔹 Stable, reliable yields 🔹 Professional risk curation 🔹 Non-custodial + verifiable on-chain 4/ No expertise required! You deposit $USDC, $wETH, or other supported assets, and the vaults handle the rest. It's DeFi lending made simple. 5/ How secure is it? ☑️ Term Vaults are non-custodial. ☑️ Funds are locked in immutable smart contracts. ☑️ Protected by strict smart contract-enforced constraints. ☑️ Third-party audits reinforce safety. Your funds, your control. 6/ Who can benefit? Passive lenders who want set-it-and-forget-it lending. Yield hunters tired of inefficiencies in floating-rate protocols. Risk-conscious DeFi users who want professionally curated and tailored strategies, not a one-size-fits-all approach. 7/ Getting started is easy: > Pick a strategy based on your risk preference. >> Deposit your assets. >>> Relax while the vault optimizes yield. Why work harder when you can let your money work smarter? Start your Vaults journey →

Term Labs

632,990 просмотров • 1 год назад

Michael Burry Sees The Financial System Running Out of Time The long end of the Treasury market is where several unresolved stresses are colliding. A 30 year yield above 5% reflects inflation uncertainty, heavy federal borrowing and weaker demand for duration. When the economy is deteriorating but long yields refuse to fall, the usual recessionary relief valve is failing. Slower growth is not producing cheaper capital because inflation volatility and debt supply are overpowering it. Burry does not mention 2007, but the comparison is useful. The 30 year yield stayed above 5% for 50 days that year, versus 27 days already in 2026. That does not mean another identical housing crisis. It shows how prolonged high rates corrode leveraged balance sheets. In 2007 the leverage sat mainly in housing and banks. Today it is spread across private equity, private credit, commercial property and data centers. AI Has Become A Debt Story The AI buildout increasingly relies on bonds, leases, project finance and private credit. Burry is not saying major technology companies are about to default. He is saying AI is creating another huge source of long duration debt just as the Treasury must finance persistent deficits. Technology companies and the government are competing for many of the same buyers. AI also consumes electricity, natural gas, copper and grid capacity. The market sees future productivity. Burry is asking whether AI first becomes an inflation and leverage problem. Inflation Volatility , Oil And The Basis Trade Bond investors care not only about current inflation but how predictable it will be over decades. When CPI components move violently, the headline can look contained while the system underneath becomes unstable. Investors then demand a larger term premium. Oil near $100 intensifies that problem. The shock spreads through transportation, agriculture, fertilizer and shipping. Businesses face higher costs while households lose purchasing power. The basis trade depends on hedge funds buying cash Treasuries, shorting futures and financing them through repo. The return is tiny, so it requires enormous leverage and stable funding. If funding costs or volatility rise, funds may unwind by selling cash bonds. Burry is asking who absorbs the next wave of Treasury and AI debt if a major buyer is retreating. PE and PC is private equity and private credit. Holding their breath means extending maturities, delaying exits and postponing writedowns. Private assets can hide deterioration longer, but accounting flexibility does not create cash flow. The sequence Burry appears to see • Oil and inflation volatility keep long yields elevated • Treasury and AI borrowing compete for capital • The basis trade loses capacity • Private markets can no longer delay recognition • Credit spreads widen and valuations reset • High multiple equities finally react • A credit event creates demand destruction • Only then do Treasuries rally and the Fed cut aggressively Burry can be bearish on long bonds now while still expecting them to rally later in a crisis. The lower rates needed to validate existing prices may not arrive until something breaks.

EndGame Macro

101,229 просмотров • 24 дней назад

In August, President Trump signed an executive order titled "Democratizing Access to Alternative Assets for 401(k) Investors." The order directs regulators to make it easier for your retirement savings to flow into private credit, private equity, and other "alternative" assets. The Department of Labor quickly rescinded Biden-era guidance that had discouraged these investments in retirement plans. Apollo. Blackstone. Goldman Sachs. State Street. They're all racing to launch private credit products for your 401(k). But here's the problem: Private credit is showing cracks at the exact moment they want to open it up to retail investors. Just this week, BlackRock TCP Capital - one of the largest publicly traded private credit funds - plunged 17% after disclosing a 19% writedown on its net asset value. The biggest drop in almost six years. This is BlackRock. The world's largest asset manager. $14T in assets. If they're taking hits like this, what chance does your 401k have? Let me walk you through what's actually happening in this market... Private credit has ballooned to over $2T in assets. For years, it was the domain of sophisticated institutional investors - pension funds, endowments, insurance companies. These investors have teams of analysts, lawyers, and risk managers to evaluate complex deals. Your average 401k participant doesn't have any of that. And the timing couldn't be worse. The IMF's 2025 Financial Stability Report found that 40% of private credit borrowers now have NEGATIVE free cash flow. That's up from 25% in 2021. Goldman Sachs data shows 15% of borrowers can no longer generate enough cash to fully cover their interest payments. UBS forecasts that private credit defaults could climb by 3 percentage points in 2026 - outpacing leveraged loans and high-yield bonds. Meanwhile, payment-in-kind loans - where struggling borrowers defer interest by adding it to their debt balance - have surged from 7.4% in 2021 to over 11% today. When a company can't pay interest in cash, that's not a sign of health. It's a sign of stress being disguised. Then came September's wake-up call: Auto parts maker First Brands collapsed with $8B in off-balance-sheet financing that wasn't properly disclosed to lenders. Subprime auto lender Tricolor imploded amid allegations it pledged the same loans as collateral to multiple creditors. Both received clean audits shortly before they cratered. First Brands' term loans went from 90 cents on the dollar to under 15 cents in weeks. JPMorgan's Jamie Dimon put it bluntly: "When you see one cockroach, there are probably more." Here's what makes this dangerous: Private credit is lightly regulated, less transparent, and difficult to value accurately. The managers making the loans are often the same ones valuing them. They have every incentive to delay recognizing problems. The DOJ has already issued warnings about "creative" marks and questionable valuation practices. Banks aren't insulated either. They've lent over $2.2T to non-bank financial institutions. When problems surface in private credit, banks feel it too. And now they want to put this in YOUR retirement account. The pitch is that private credit offers "higher returns" and "diversification." But the data doesn't support the sales pitch: Recent research shows pension funds increasing exposure to private markets have actually seen depressed returns compared to simple stock and bond portfolios. The 50 largest US pension funds averaged just 7.4% returns over the past decade. A basic 60/40 portfolio beat many of them. The real beneficiaries are fund managers charging 2% fees on assets that can't be easily valued or sold. My view really hasn't changed: AVOID PRIVATE CREDIT When sophisticated institutional investors start pulling back - and they are - the last thing you want to do is rush in. Stay in liquid, transparent, low-cost investments for your retirement. Don't be the exit liquidity.

George Noble

932,848 просмотров • 6 месяцев назад

🚨 THIS IS BIG. CONNECT THE DOTS. 🚨 After speaking at the World Economic Forum, Donald Trump said he looks forward to signing the Market Structure Bill to unlock financial freedom for Americans, or China will dominate this market. Then the White House Crypto Czar David Sacks confirms it: "Once market structure legislation passes, banks will get fully into crypto… They’ll be deep in the stablecoin business to offer yield and stay competitive." Here’s what most people are missing 👇 This is NOT Banks vs Crypto. It’s Centralized Middlemen vs Decentralized Access. What the bill actually unlocks: ▫️ Community banks & credit unions onboarding digital assets ▫️ Regulated on-ramps into DeFi ▫️ Stablecoin yield earned on-chain, not parked on centralized exchanges ▫️ Capital in motion, not idle custodial yield Credit unions don’t have shareholders. They’re owned by the people. That means: ▫️ Higher yields ▫️ Lower fees ▫️ Direct access to DeFi ▫️ No need to trust a centralized exchange acting like a bank Meanwhile, some centralized exchanges are pretending to fight banks… while quietly partnering with big banks and recreating the same old system. ⚠️ If you’re earning 3–4% on a centralized exchange, wait until community banks + DeFi rails go live. This is mainstream integration, but done the right way. The rails are being laid. The gatekeepers are losing control. Know What You Hold!

Echo 𝕏

167,873 просмотров • 6 месяцев назад

Today, the world is once again standing at the edge of a new kind of internet: Web3. Businesses already use blockchain for payments: 1. To receive money locally (Thanks to local stable coins). 2. To accept and make payments globally. 3. To do on/off ramping 4. To spend or receive crypto in fiat. But what about using web3 to raise capital and do Onchain Finance? The Problem: 🏦Our traditional capital systems aren’t built for growing businesses, they’re built for the already-established brands. 📊Want to raise on the stock market? You must already be audited, structured, profitable — everything you don’t have when you actually need capital. 🏠Banks demand collateral you don’t have, or reject collateral you do have– (for example, a creator can't use their 1.5M engaged users on their 𝕏 as Collateral to borrow funds for their film project). 💰 Grants sometimes take too long and there's no guarantee you'll even get it. The Answer: So we asked a simple question: What if Web3 could unlock capital for real businesses globally? What if a business owner in South America could raise capital from an investor in the UAE without trust issues? The Solution – BizMarket: On BizMarket, any business serious about growth and expansion can tokenize their: • Revenue • Equity • Debt …..and raise capital for expansion and execution. Anyone, anywhere in the world can: • Invest in real businesses • Buy BizShares • Earn stablecoin dividends & interest • Trade their BizShares on the secondary market. This is capital rebuilt for businesses who want to leverage today's internet for growth, like Netflix did in the Y2K! And this is why we built BizMarket! Be among the top 1% of businesses, that make it. Build globally. Raise globally. Own globally. 🗓️On Friday, 19th December, you can; 1️⃣ Go to 2️⃣ Log in with email, X, or wallet 3️⃣ Select your category & fill the form 4️⃣ Pay the listing fee & submit Welcome to BizMarket!

Bitsave Protocol

17,193 просмотров • 8 месяцев назад

Larry Fink, the CEO of BlackRock and a WEF co-chair, just gave a masterclass in globalist doublespeak. A critical listen reveals the true agenda. What he says is that the US dollar's dominance is fading due to digital currency, and we must "unlock private capital" to grow. What he means is far more revealing: 1. On Currency: The move toward "stable coins" and digital currency isn't a passive trend; it's an active project. Fink & the WEF envision a future where they, not nation-states, control the monetary rails. The diminishing role of the dollar is a feature, not a bug, of this planned system. 2. On "Unlocking Private Capital": This is the core euphemism. It doesn't mean freeing entrepreneurs. It means systematically removing democratic hurdles—like "streamlining permitting" and regulations—that protect citizens and national sovereignty. It’s about handing the keys of the economy to a consortium of mega-corporations and financial giants like BlackRock. 3. On "Growth": His message to Japan and Italy is a threat: grow on our terms or be crushed by your deficits. It's the language of a financial technocrat who sees nations not as sovereign cultures, but as balance sheets to be managed and consolidated. Most chillingly, Fink claims there is less systemic risk because risks are now hidden in the opaque, unregulated world of private credit. He admits a "big credit event" is coming, but dismisses it as "just losses." This is the ultimate arrogance: the architects of this new system believe they've offloaded the risk onto you—the investor, the saver, the citizen—while insulating themselves. The summary is clear: The future Fink envisions is one of centralized digital control, uneconomic growth mandates, and a financial system where the losses are yours, but the control is theirs.

Camus

115,011 просмотров • 10 месяцев назад

ASWATH DAMODARAN: PRIVATE CREDIT IS THE NEXT CRISIS. His framing starts with a question that nobody in the boom is asking. Who exactly are the lenders writing the checks to fund all these AI data centers? Shale oil companies borrowed heavily when oil was at $120 a barrel and got crushed when prices fell to $60. The same pattern is forming today in compute infrastructure, and the people putting up the capital are getting almost no scrutiny. Damodaran does not see private credit as the sophisticated, intelligent alternative the marketing has positioned it as. He sees it as sheep. Every fund is chasing the same deals, the same sectors, and the same yield premiums that allegedly justify the structure. Intelligence in his view has been confused with confidence, and confidence in this corner of finance has compounded into something far more dangerous than the participants realize. His broader point is that hedge funds, private equity, and private credit have all followed the same destructive arc. Each one began as a genuinely good niche business solving a real problem. Hedge funds 30 years ago produced positive alpha, beating passive investing by 3 to 5 percent annually. Today they look like expensive mutual funds, underperforming passive by roughly 1.5 percent. Private equity started as a focused, disciplined strategy for a small set of operators and has grown into a sprawling category that now struggles to deliver the returns that justified its emergence. Private credit had a legitimate original purpose, which was lending to borrowers that banks structurally could not serve. What killed each of these businesses was the same disease. Overreach. A $200 billion niche business gets sold as a $20 trillion opportunity. When that scaling happens, sloppiness follows, bad actors enter the space, and the average quality of every participant deteriorates. The original alpha disappears not because the strategy stopped working, but because too much money chased too few good deals. The danger with private credit is far more severe than the parallel problems in private equity and hedge funds. Equity investors take their losses and move on. Lending businesses, when they overreach, take others down with them. Banks. Pensions. Insurance companies. Sovereign wealth funds. The systemic linkages run far deeper than most participants understand, and the social costs of a real default cycle in private credit would extend well beyond the funds themselves. Damodaran's warning is essentially that the industry is repeating the exact mistake that produced every previous credit crisis. Take a good idea, scale it past its natural capacity, attract bad actors with the promise of easy returns, and wait for the inevitable cycle that exposes how much of the underwriting was never serious in the first place. Aswath Damodaran Fixed + Floating - The Credit Podcast

Lumida Wealth Management

109,256 просмотров • 1 месяц назад

The wait is over. Bunni v2 is LIVE on Ethereum Mainnet, Base, and Arbitrum! 🐰🥕 As the first DEX built on top of Uniswap v4, Bunni v2 offers programmable liquidity features that help LPs build yield-maximized, dynamic, and automated liquidity pools. Our rehypothecation hook boosts LP returns by pairing steady APYs from lending vaults with swap fees, pushing your tokens to work harder for you. 🔹 We're focused on dominating the blue-chip pools LPs love: ETH-USDC, USDC-USDT, stETH-WETH, DAI-USDC, and weETH-WETH. 💰 Check out some of these rehypothecation integrations we have made since our v2 announcement, driving higher yields to our pools before incentives: • Morpho Labs rehypo to efficient, secure lending markets • Gearbox Protocol supercharged rehypo via leveraged trading • Compound Growth sustainable rehypo yields with Compound • supercharged USDS/DAI LP rewards with SSR/DSR rehypo • Euler Labs flexible rehypothecation strategies • Origin Protocol boosted OETH yields via rehypo to wOETH • ionic 🟡 seamless rehypothecation across the Superchain • Sturdy 🧱 AI-optimized rewards through a two-tier lending system • Aave sustainable rehypothecation in DeFi’s most battle-tested lending ecosystem 💡 Want in on the action? Explore Bunni v2 at 🐰 $BUNNI incentives start next week, or add your own! 🎁 $veLIT Holders, $LIQ Holders, and Testnet Users can now claim their airdrop ↔️ Swap $LIT to $BUNNI using our new swap page 1 for 1

Bunni

155,647 просмотров • 1 год назад