Alex BertoG 🐮

OnRe Yield Plus is now live on @ExponentFinance. The non-custodial vault accepts ONyc, built on @OnReFinance's reinsurance-backed yield. Allez acts as risk curator, setting the vault's risk parameters.

Armani Ferrante compares the Backpack token to Anthropic airdropping you equity on IPO day, no gimmicks, and explains why Backpack wants to go public “There's no gimmicks. There's no tricks. The story is very simple.” “Imagine if, you know, Anthropic airdropped you some equity on IPO day.” “Just use the product. If you love it, I hope you stay. If you don't love it, then it's not for you.” “we really care a lot about, you know, regulation and compliance and licensing and being able to serve not just our retail users, but to be able to actually reimagine and rebuild all of Wall Street.” w/ @armaniferrante @Backpack

Tired of these DPRK hacks. So I built the ultimate defense. DPRKaptcha[.]com Simple questions with existential outcomes (for them). Live now to protect the internet from North Korea.

Today, I’m sharing my first letter to the KMNO community as CEO Since joining @kamino , I’ve been asked a version of the same question by longtime KMNO holders and people getting to know us for the first time. As Kamino grows, where does the value we create go? It’s a fair question, particularly as we work to bring Kamino into banks, brokerages and wallets, through which our goal is to allow millions of people to earn on their capital or borrow against assets they already own. The answer starts with how Kamino was built. The Kamino Foundation owns the intellectual property and receives all revenue, including revenue from institutional partnerships. KMNO is the only token. The founders, our investors, the team and I have our upside tied to the same token our community holds. None of us has a separate equity allocation. What we do with the revenue matters, too. We’re committing at least $20 million over the next two years to expand the assets people can use on Kamino, and bring Kamino's credit and liquidity infrastructure to more of the platforms consumers already use today. I wrote my first letter to KMNO holders to put those decisions on the record. I also share why I chose to make most of my own KMNO allocation vest only when it reaches and sustains a series of valuation milestones. One Kamino. One KMNO.

The Binance hacker is swapping the stolen 970,522 $SOL ($95.9M) for $BTC. In the past hour, the hacker moved 486,970 $SOL ($46.4M) and is now swapping $SOL for $BTC through @RelayProtocol. arkm.com/explorer/address/Af…

Kamino Fixed Rates just crossed $75M in active loans, making it the fastest-growing fixed-rate lending protocol onchain. The future of credit is fixed.