Big news from us 💥 We’ve raised a $5.2M seed round led by @robotventures, with backing from @topology_vc, @AtkaCapital, A Capital, Bond St Ventures, & @UniswapLabsVC. All to build the new credit layer for DeFi.

Part II is live. We go from mechanisms (instant/escrow/DNS/boundary/CCP) to guarantees (finality, reversibility, priority, solvency), with case studies (perps, factoring, non-deliverables) and where @sprinter_ux Stash fits

If you enjoyed part on of our series on credit, treat yourself with a new venture into the rabbit hole of onchain credit.

From perpetuals to factoring to non-deliverables, read why some systems need atomic settlement, and others only need the right promises in Part II: https://t.co/10bj1iQfnS

Part II of "Beyond Loans - Credit as Price, Collateral and Code" is live! This time @nad_roid digs into what really happens while we wait for payment: the guarantees, priorities, and solvency rails that let value move safely even when cash doesn’t move instantly. Full post 👇

🚨 There is $263,796 left in the @sprinter_ux Stash pools 🚨 Get in before we hit the cap https://t.co/q8lPDlS927

Wrote a post on a weird inversion: on Aave, WETH can get higher LTV than USDC. DeFi measures collateral risk by liquidation survivability on secondary markets (so “depeg” = tradable price slip), while CRR3/Basel care about real redeemability/reserves. Same world, different rails

If you - like me - naively assumed WETH should have lower LTV in lending protocols than USDC, this explainer is for you. @nad_roid with a nice dive into the DeFi risk🐰🕳️ Enjoy 🍿

Hands down the best explanation of how credit works 🙌 gg @sprinter_ux @nad_roid

https://t.co/Faf2AH2pXn

If you're onchain, chances are you're already touching something ChainSafe. We build: Ethereum, Filecoin, Polkadot, Aztec, IPFS, B3, Drand, Celestia, Zcash, zkVerify… It goes on for a while. We’ve been here since 2018, building the protocols and infra that make up web3. 🧵⤵️

Zero-collateral credit lines for solvers, AND LPs still eat? The answer lies in @alexmattm's explanation on how Stash works the magic 🪄

Ever wonder how zero-collateral solver credit on Stash actually works? @alexmattm breaks down the mechanics, and explains how this generates yield for LPs at the same time👇

How can Stash offer zero-collateral credit and still make sure solver don't misdirect funds? 🤔 --- A question on Stash we get all the time. Short answer: a closed credit system secured by a threshold-signing network. Long answer below. 👇

In conclusion better collateral, better liquidations, and better exposure control can all push the rate down. DeFi makes this structural design explicit because control must come from code, not courts. Read part 1 here:

Onchain credit rails need explicit control over collateral, liquidation, and repayment because they cannot rely on legal fallback. Well designed mechanisms can lower risk and therefore lower the price of credit.

Guarantees like priority of payments, reversibility, and enforced solvency determine how safe a credit system is and how much risk it can absorb.

Settlement design shapes credit. Systems can settle atomically, through escrow, in batches, or at specific boundary events. Each structure distributes risk differently.

Tail risk matters. Lenders need protection against extreme events, so capital buffers or insurance are key parts of how credit is priced.

TradFi and DeFi approach credit risk differently. Traditional systems depend on legal enforcement and personal creditworthiness. On chain systems depend on collateral quality, liquidation reliability, and precise control through code.

Collateral has an outsized effect on credit pricing. Strong, liquid collateral lowers loss given default and can meaningfully reduce rates.