Luke Hackett retweeted
Replying to @Nomaticcap
Devs definitely doing something @_maxencerb @0xaxxe @luke_hack 🔥💪🏼
1
7
96
Luke Hackett retweeted
Turning the dials ahead of public launch 🛞 Subscription/redemption for 3F's RWA leverage vaults just went from weekly → daily for T+1 assets Get in and out of @Bitwise USCC and @centrifuge JAAA leverage daily
4
3
29
6,611
Luke Hackett retweeted
3F just crossed $30M 📈 Key facts: - 3 institutional RWAs live: @Bitwise USCC · @paretocredit x @FalconXGlobal private credit · @centrifuge JAAA - 60% max yield last 30d (USCC-17x) - $25M+ borrowed on @Morpho - quickly becoming one of the largest borrowers
12
11
87
30,566
Luke Hackett retweeted
Crypto basis is back! And @Bitwise USCC Fund tokenized by @SuperstateInc has been performing strongly With one click, 3F now enables users to access customizable leverage on USCC (up to 17x) No more manual looping or the operational friction associated with leveraging RWAs Explore on app.3f.xyz
1
8
44
15,943
Luke Hackett retweeted
Anyone who's tried to loop RWAs knows it's hard because of settlement delays Deleveraging a looped RWA position: N loops × T-day settlement = N×T days of unwinding 3F uses the BF mechanic which shortens redemptions from N*T days to T days Yesterday's 3F BF auction was awesome bc RWA enjoyooors got to experience just this for the @paretocredit FalconX private credit vault, which has monthly redemptions
4
6
56
3,519
Luke Hackett retweeted
The 3F x Steakhouse USDC Vault just crossed $20M in deposits on @Morpho! The vault is built around a simple conviction: upgrading the financial rails doesn’t change the fundamentals of finance. Trust, reputation, regulation and good risk management still matter. The 3F x Steakhouse USDC Vault starts with high-quality, regulated RWAs with professional underwriting. Yield is organic with no incentives in order to gauge PMF for lending against quality collateral, targeting a 100-150bps premium to SOFR. Thanks to the depositors who are helping us build this new fixed-income market that should scale to billions of savers around the world. Also grateful to our early partners @steakhousefi, @FalconXGlobal, @M11Credit, @centrifuge, @JHIAdvisors, @SuperstateInc, @Bitwise $20M down. Trillions to go.
4
11
58
10,950
We’re hiring! If you or anyone in your network is looking, we’re excited to hear from you. I need someone to put me in my place in PRs!
If you are a talented backend engineer, want to build through the bear market, for the next trillions of onchain credit markets, apply to join us at @3f_xyz 3f.xyz/careers/backend-engin…
1
6
529
Luke Hackett retweeted
This is so disappointing on every level. EIP released with 48 hours notice for comments. Realistically 4 months before it goes live. For a major network economics change with far reaching implications for all of DeFi. Every builder on Ethereum opposes this. Why is this a focus? None of the reasoning makes any damn sense. This will self evidently push out solo stakers who aren't subsidized by the EF or others. It will essentially guarantee that the only ones staking are large centralized entities with zero cost of capital where users passively hold their ETH. Why? It will obviously kill a huge chunk of DeFi which is built around the staking ecosystem. Seven of the top 10 DeFi protocols with face a capital exodus. Why? Is the idea that a 0.8% reduction in issuance is somehow going to help ETH price? People who stake ETH don't sell it. This change will halt any new ETH getting staked and realistically will result in tens of billions of $ of ETH getting unstaked and entering into the market, not to mention the implosion of the core Ethereum use case. Why? Is the concern that liquid staking tokens, which intermediate about a quarter of staked ETH, displace ETH as money? This reasoning betrays a cash-accounting level of understanding of the economy, as if only M1 counts as real money. LSTs serve as valuable building blocks, and in fact implement a lot of user protections that would not be appropriate to do at the network level. At a near zero cost of 10-15 bps. I say this as a builder on Ethereum, not as someone who stands to benefit from staking issuance. I don't have much at risk here. Almost all of @ether_fi revenue is now coming from vaults and payments, staking is a small (and shrinking) part of our business. This is bad for decentralization, this is bad for Ethereum adoption, and this is bad for the credibility of the network to roll things out this way. This reinforces the Ethereum critics' position that the network is run by a small group of insiders with no regard for the actual users and builders on the chain. I can say that neither I nor any builder I know was asked for feedback on this before it went live. Any nation state or large institution looking at this will justifiably have a dramatic loss of confidence in the governance and stability of Ethereum.
🚨 New EIP: Tapered Issuance Burn We just submitted an EIP to ethereum/EIPs: a minimal, market-driven fix to Ethereum's issuance policy removing the incentive for stake growth beyond 50% of ETH supply. EIP-8361 by @pintail_xyz, @jdetychey, @dapplion, @pa7x1, @ladislaus0x & @drakefjustin 🧵
80
121
830
118,091
Luke Hackett retweeted
We have crossed $20m in private beta Thank you to all of our partners for your early support Public launch coming soon
7
4
39
8,379
1/ We’re excited to announce the close of @ethereuminsti's initial ecosystem funding round and supporter coalition, with broad participation and support from individuals and entities focused on driving institutional adoption of @ethereum. Our ecosystem funding round is anchored by @BitMNR, @Sharplink, Ethereum co‑founders @ethereumJoseph , and @MihaiAlisie, alongside a larger group of individuals and crypto‑native institutions.
167
356
1,780
1,265,010
Luke Hackett retweeted
Symbiotic V2 vaults bring capital-efficient exposure management for curators through novel use cases like Liquid Lane and vetted, external DeFi adapters such as @3f_xyz. This allows curators to earn superior yield while maintaining a more attractive liquidity profile for vault depositors. Take an example of where the USDC deposited might sit idle in Morpho earning a base 4% APY, and is then pulled to redeem one of the curator-approved RWAs via Liquid Lane (earning a 10% spread upon native redemption), before moving back to Morpho to ultimately facilitate a bridge loan within 3F at 9% annualized). Funds are always optimally utilized according to the curators accepted risk profile/allocation, creating a blended APY of 6.75% in this fictional example. Excited to see this come to life now! V2 vaults are in the process of being setup by our curator partners right now. Get in touch if you want to participate or learn more!
6
25
1,959
Luke Hackett retweeted
A year ago, Bitcoin Suisse deployed its first Obol Distributed Validator on Ethereum mainnet. Today, that groundwork becomes the new institutional standard. Under a new multi-year agreement, they're migrating 100% of their ETH staking infrastructure to Obol DVs. No legacy validator technology will remain ⬇️🧵
9
19
78
61,753
Luke Hackett retweeted
What bear market? @Vault__Summit at the @NYSE was great vibes and so were the all of the @3f_xyz partners and future partners working tirelessly to make RWAs seamlessly composable with DeFi. Thanks to @Morpho for the wonderful conference and @keyrock for cohosting the dinner. We are excited to help scale onchain finance with visionary partners including @FalconXGlobal @SuperstateInc @centrifuge @particula_io @Fidelity @upshift_fi @Blockworks @flowdesk_co @Bitwise
7
9
115
7,018
Luke Hackett retweeted
1/ @FalconXGlobal private credit is now live on @3f_xyz — bringing customizable leveraged exposure to institutional private credit onchain for the first time.
5
16
60
33,372
Luke Hackett retweeted
Proud of the innovation the 3F team is bringing to the onchain credit space! Check us out at app.3f.xyz
1/ @FalconXGlobal private credit is now live on @3f_xyz — bringing customizable leveraged exposure to institutional private credit onchain for the first time.
2
6
70
9,826
Luke Hackett retweeted
$50M has already settled between AI agents via x402 in just a few months. The commerce layer for the agent economy is being decided right now, and we're ensuring it will be open and on Ethereum. Today we shipped Obol Stack v0.9.0. $OBOL is now money for the agent economy!
13
7
52
75,497
Luke Hackett retweeted
We are excited to announce that @3f_xyz has raised $4 million in seed funding led by @Maven11Capital, with participation from @FPrimeCapital, @MetalayerVC, @GSR_io, Susquehanna Crypto, @Gate_Ventures and others. 3F is building the onchain infrastructure that unlocks leveraged exposure to tokenized real-world assets.
70
52
642
146,328
Luke Hackett retweeted
Bringing RWAs onchain through lending markets seems like the obvious next step for onchain finance, but it comes with a million nuances and blockers. @sonyasunkim and @3f_romeo just raised $4M for @3f_xyz to bridge the gap between defi primititves and institutions. And of course, it's built on @Morpho 💙
We are excited to announce that @3f_xyz has raised $4 million in seed funding led by @Maven11Capital, with participation from @FPrimeCapital, @MetalayerVC, @GSR_io, Susquehanna Crypto, @Gate_Ventures and others. 3F is building the onchain infrastructure that unlocks leveraged exposure to tokenized real-world assets.
14
13
167
24,622
Luke Hackett retweeted
Modern markets are fundamentally extractive We've spent three years rewiring them from scratch One core feature is everyone deploying their own bots without code or infra Here's a first look @SynchronicityHQ We're looking for strategists to test drive. Reply for early access
56
31
169
49,180