cairo
@cairoeth
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@DivineResearch
🐇🕳
Joined February 2022
Updating slides for a talk on mini apps. Every time I look at @DivineResearch’s Credit mini app, the numbers double. People talk about undercollateralized lending in crypto, this team is shipping it at scale.
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Credit has issued 500,000+ undercollateralized loans! To celebrate, we're releasing an analytics page at https://t.co/yrva9Rx7ov. Track utilization, share price, real-time loan activity, and more
credit.cash
Analytics for Credit
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After years of collaborating with @cairoeth and @0xfuturistic we are super excited to partner officially on @DivineResearch Credit is fundamental to the global economy and true innovations are rare!
Announcing Credit — an automated, undercollateralized lending system built on stablecoins. Live since December 2024, it has issued 175,000+ loans to 100,000+ unique borrowers worldwide We raised $6.6M led by Paradigm, with Nascent and strategic angels, to scale and expand Credit
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Last year in May, I noticed that gradual exchange protocols share a key property with credit markets: both parties incrementally increase exposure based on observed behavior. Undercollateralized lending could work the same way. Instead of chasing defaulters, you make strategic
Announcing Credit — an automated, undercollateralized lending system built on stablecoins. Live since December 2024, it has issued 175,000+ loans to 100,000+ unique borrowers worldwide We raised $6.6M led by Paradigm, with Nascent and strategic angels, to scale and expand Credit
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It's been in stealth but @DivineResearch has quietly built the largest undercollateralized lending platform in all crypto Helping over 100,000 so far people and scaling fast. Anyone can LP here: https://t.co/1mbwFvwcYJ Congrats to @cairoeth & @0xfuturistic
credit.cash
Deposit and withdraw your USDC on Credit
Announcing Credit — an automated, undercollateralized lending system built on stablecoins. Live since December 2024, it has issued 175,000+ loans to 100,000+ unique borrowers worldwide We raised $6.6M led by Paradigm, with Nascent and strategic angels, to scale and expand Credit
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Read the full announcement to learn more about Credit https://t.co/jz95xjqD6M
writing.divine.inc
Credit is an undercollateralized lending system with 100,000+ unique borrowers and 175,000+ loans issued
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If you are interested in pushing the frontier of undercollateralized lending, take a look at our open positions https://t.co/KKDLOzpBuQ
jobs.ashbyhq.com
Divine Jobs
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Liquidity providers can now deposit at https://t.co/d5R0FVz0wf, with a temporary cap of $2M We're scaling Credit globally to meet overwhelming demand in the regions that need us most
credit.cash
Deposit and withdraw your USDC on Credit
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Since launching less than a year ago, we've watched 100,000+ people use Credit for real needs: groceries, medicine, utility bills, and transportation Users choose Credit over pawn shops and informal lenders thanks to favorable terms, growing credit limits, reliability and speed
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Instead of expensive verification, we use progressive trust-building: loans start small and can grow to $1,000 with on-time repayments Borrowers access capital in seconds and convert directly to local currencies for everyday expenses https://t.co/sDPF6o0lrl
world.org
Borrow dollars instantly, no collateral or paperwork needed. Repay on time to unlock loans of up to $1,000 dollars
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Credit started from a simple observation: creditworthy people who need capital most are systematically excluded from getting it We built it to prove they deserve trust through their actions, not paperwork: undercollateralized lending at scale
Announcing Credit — an automated, undercollateralized lending system built on stablecoins. Live since December 2024, it has issued 175,000+ loans to 100,000+ unique borrowers worldwide We raised $6.6M led by Paradigm, with Nascent and strategic angels, to scale and expand Credit
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Vyper's experimental codegen (venom) performs much better at SP1 proving than Solidity with EOF! Shows how much it can be extracted/improved at the compiler level without massive changes to the EVM
some preliminary numbers courtesy @cairoeth -- venom pipeline (non-EOF) proves 32% more efficiently on sp1 and runs 30% faster than even solidity+EOF
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We believe SOLO can transform solo validation by dramatically reducing entry costs and unlocking stake liquidity, while enabling validators to maintain control of their nodes with built-in safeguards against stake concentration 🔋
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Attackers cannot circumvent it by splitting or consolidating validators, as the economic disincentives apply proportionally to their stake. Notably, this mechanism works without relying on identity-based Sybil resistance.
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For large validators, more stake decreases borrowing power across their entire position, making growth more expensive than for smaller validators. The red line shows borrowing capacity for small stakers, while blue shows the change for a validator controlling half of SOLO's ETH.
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To counter a potential decrease in the cost of a 51% attack, the protocol implements dynamic adjustments: As more ETH gets staked through SOLO relative to Ethereum's total stake, validators face decreasing returns from their collateral. https://t.co/PIozRSVi0O
ethresear.ch
By Cairo & Diego Many thanks to Vitalik Buterin, Alexander Herrmann, Philogy, William X, Thomas Thiery, and Julian Ma for feedback and discussions. Solo validators are vital to Ethereum’s security,...
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Super excited about SOLO 🪄 It lowers entry cost for validators by 26x, while deterring anyone from dominating Ethereum staking through the protocol. It also combines stablecoin mechanics and leverages Pectra's EIP-7002 & EIP-7251 🆕 (link below)
Introducing SOLO: a protocol that lets anyone run an Ethereum validator with just 1.25 ETH instead of 32 ETH. It enables an LST backed by the portion of a validator's stake unlikely to be lost, without relying on governance or trusted hardware. Here's how it works 👇
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Introducing SOLO: a protocol that lets anyone run an Ethereum validator with just 1.25 ETH instead of 32 ETH. It enables an LST backed by the portion of a validator's stake unlikely to be lost, without relying on governance or trusted hardware. Here's how it works 👇
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The benchmark implementation leveraged Revm's and Foundry's support of EOF, alongside SP1 for proof generation and verification. Repository with contracts and methodology can be found here 👇 https://t.co/qNCgIkN8lj
github.com
EOF (EVM Object Format) performance benchmarks for the EVM & SP1 🏎️ - cairoeth/sp1-eof
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These performance benefits arise from EOF's elimination of dynamic jump overhead and removal of stack depth limitations, resulting in dramatic reductions in opcode usage (particularly BEQ, OR, BLTU, and SRL operations in the SP1 zkVM). The optimizations ultimately deliver
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