LEND RWAS

“I think we always wanted to get here to have something like quality assets that people can simply hold on chain, self custody, or, you know, borrow land loop, which is, like, kind of, like, a a similar way of tranching it, you know, getting the senior trash or the junior trash by lending or by looping it. We always wanted to have this, but the the assets were never there. So we always had native, crypto, so ETH and Bitcoin, and stable coins.”

“Think we kind of all looked at the past few years, and we thought low risk DeFi is a thing. And, everyone's happy to earning a two and a half percent or 3% forever, and I just simply don't believe it. Or maybe Solana is more higher risk appetite in general and is more keen to get, you know, 12% yield. We found that people are extremely interested in getting this this extra yield as long as they understand the asset.”

“Figur's been at, sort of the RWA, intersection of of TradFi and credit origination since 2018. You know, we set out to really rebuild capital markets, but doing so, on chain. And so, you know, we're vertically integrated across the whole stack from credit origination, mostly known for tokenizing HELOCs, on chain. Done about 22,000,000,000, of those to date. We structure the cash flows, and then we also distribute, across TradFi and DeFi.”

“There was never really, like, exogenous quality sustainable yield. And I think the first the first glimpse of that was Athena, last year or two years ago when we had, like, exogenous yield that was not due to, you know, like, leverage against Bitcoin. It was, to some extent, leverage because it was, still driven by the funding fees, but it was somewhat upon exogenous yield. And what we observe with Prime is when you have something that is sustainable, and can sustain sustainable and at scale, it takes a bit of time, but people start trusting it.”

“Camino was born about three years ago, kind of out of a of a need to serve some of the stable coins, in Solana. It's you initially, it was, an LP, protocol to to tokenize LPs, and then it once we realized that, actually, the bottle end was not well served or did fit all the needs, we decided to build our own bottle end as well. The reason why it was all created was to serve DeFi and Solana because we thought the blockchain will, create a lot of economic activity, which is what is happening now.”