vault discourse today is like a circular firing squad 😭 begging everyone to talk to the lawyers before ripping hot takes on twitterdotcom

The 2021 RWA vintage was about tokens with no redemption rights and underwriting by clowns Today we have real infra, real protections, and professional credit teams. Specialty credit is now sourcing capital faster onchain than in tradfi Golden era of onchain finance is starting

Love to share this research piece with broader community. Well done @MidasRWA and @Wellington_Mgmt on structuring this one! mWIN fills a genuine gap in the tokenized fund market, which up to now has clustered at two extremes: - ultra-low-risk MMFs on one end, - high-yield specialty asset-backed facilities on the other A balanced, investment-grade portfolio offering a meaningful, diversified yield pickup is a distinct proposition in the current RWA landscape. Access to high-capacity leverage via @SentoraHQ vault on Morpho allows investors to amplify returns to 12-14% expectations. Vault Street has now enabled allocations into mWIN through primeUSD and our upcoming high yield product. If you look to get a piece of exposure to instruments like this, invest with Vault Street.

Very good breakdown of zeitgeist. Makes sense to mention also that equity basis trade is not only an exchange risk but also wrapper risk on the inventory side depending on where you hold it. One way or another, full principal amount is exposed to something on credit/op side, even if you hold only off-exchange collateral; and exchange risk is only on a portion of total amount. But still, 10% on the properly structured delta neutral trade has a bunch of alpha 😉

Vault Street's architecture has been redesigned from the ground up to protect users' capital across custody, transaction controls, smart contract guardrails, monitoring and emergency response. Security is architecture. Explore more: vaultstreet.com/security

Institutional capital requires security controls that operate continuously rather than a one time snapshot. At Vault Street, continuous monitoring is part of the infrastructure protecting capital from day one. Glider Monitor continuously checks our contracts and their dependencies, monitors critical invariants and real-time activity, and can replay newly discovered exploits against our contracts to identify exposure to emerging attack vectors. This sits alongside audits, access controls, onchain limits and automated circuit breakers as part of our defense in depth approach. The risk landscape is dynamic and our security infrastructure is built to be the same.

In a covered call strategy, you are selling some of the upside of the asset, also known as selling delta. In a conservative strategy, you are selling short-dated options at reasonable distance from current price, and slightly longer dated options at higher distance, so that you remain relatively close to 100% delta on the portfolio. Typically farming call premia gives you positive expected value over time, but the outcomes are lumpy and there is still exposure. Running this within LBTC means that there can be in practice situations when BTC inventory inside LBTC decreases over a period of time. Which makes LBTC a floating NAV instrument rather than a 1:1 claim. Also, when you sell calls, you would need to margin your counterparty's exposure to you, so you keep inventory with a third party. So, a few questions to address here: 1/ is there a stability buffer to offset negative APRs? I would do one 2/ how is the collateral held, and is it triparty settled or sitting with the counterparty

Vault Street is proud to support the launch of $USTB on Kamino. This is the first RWA market originated by Vault Street, and our first crosschain deployment into the @Solana ecosystem. It’s now live and available to primeUSD depositors. Onboard now to access primeUSD at 8% APY

Well done @kamino and @SuperstateInc for following through on this integration! We are here to help make new markets for RWAs we love.

It does not stop to astonish me. Why can't they get a waiver to trash-talk uncle Kim. Is it like a scheme to psyop the world into believing it works like a piece of garlic against vampires? Only to break it to pull off the biggest heist in the industry some day

Finally, after all these years, the world is safe in the knowledge that the largest digital dollar is audited News of the year for capital inflows into onchain markets

We have been looking into CLO markets since late 2025, and have invested into JAAA previously. And for primeUSD, we have again chosen it as a key part of the vault! Why: JAAA is a cash+ instrument with an outstanding combination of 120-150bp yield pickup over the rate curve, and credit quality. Credit enhancements of its underlying CLOs allow the whole portfolio to be rated AAA, higher than U.S. Treasury instruments. If you are a curator or a lending operator looking to onboard quality RWAs - work with @centrifuge and @Vault_St to integrate JAAA

But really, very few products that I have seen in the space can boast "alpha". Majority of this fancy prop stuff are: - self-loops - poorly structured subdelegation - simple incentive farming Many operators are too ashamed to be transparent

35M onchain dollars are safely allocated in RWAs via @Vault_St

This trade will expand in volumes wildly by the year end. Specialized allocators are already allocating 9-figure amount into DeFi-integrated trades in tokenized RWAs. It is a killer trade of the new cycle. The reason is simple - users are accessing real, rated underlyings powered by competitive defi borrow rates. Professionally built protocols are handling complexities of looping and yield smoothing. Each network with a tokenized asset agenda should be planning integrations with RWA allocator protocols.

New research is live: JTRSY, the Janus Henderson Anemoy Treasury Fund, tokenized by @Centrifuge. JTRSY holds ~$900M in short-duration U.S. Treasury Bills, yielding about 3.6% and rated AAAf by S&P, with @JHIAdvisors managing the portfolio and @jpmorgan holding custody.

A good Friday to cross $30mn in gross AUM for @Vault_St primeUSD: debank.com/bundles/222940/po…

Consistently getting to the target 5.50%-7.00% APY with @Vault_St primeUSD vault 👀

Never stop never stopping