cryptonative credit creation. Backed by @paradigm
Joined November 2021
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- Followers18.5K
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Fresh USD3 market at 86% LLTV, supplied by @fraxfinance eco accelerator
~$60M lending against USD3 now
Loop USD3-frxUSD LP on @StakeDAOHQ below
The Frax Ecosystem Accelerator is live, a frxUSD @Morpho vault curated by @crossworldsfi.
Built to give high-yielding frxUSD PegKeepers an early lending venue.
First markets: @StakeDAOHQ frxUSD LPs with sfrxUSD, sUSDe, USD3, trUSD, sDOLA, and sVUSD.
app.morpho.org/ethereum/vaul…
Two ways in:
• Supply frxUSD to the vault (9.4% APY, mostly Frax rewards): app.morpho.org/ethereum/vaul…• LP USD3/frxUSD on Stake DAO (11.8% APR), post the LP token as collateral, borrow frxUSD, repeat: lending.stakedao.org/borrow
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A publicly listed company just bought into onchain asset-backed finance. Stablecoins are moving into credit markets
Congrats to @RiverOneHQ and the @Securitize team
We also announced our first acquisition since going public, @RiverOneHQ taking Securitize into tokenized asset-backed finance for the stablecoin economy, a $6T asset class that is barely onchain today. We welcome @BrahamMehta @0xSimon @MisterYaasmang and the rest of the River One team to our company, very excited that you are joining us! Check them out here river.one/
Promises into USD3 are up 35% to $18M, 8 days since referrals went live
Referrers split a fixed 50,000 JANE a week until $10M is referred. $3.2M so far
The higher your referrals' Cred score, the more JANE you both earn
Since inception, USD3 caps have filled almost immediately, leaving friends little chance to get upside
To change that, we're going live with our referral program
Earn 40% USDC APY on your promise to deposit into USD3. Refer creditworthy friends and you both earn more $JANE ↓
You stake 7.5% up front, so every $1 staked backs $13.33 of promise into USD3 in the future, and the rest stays with you, earning yield in DeFi
app.3jane.xyz/lcc
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3Jane has executed a $100m forward-flow agreement with @usesettle, a leader in inventory financing for U.S. CPG brands with >$4b originated
USD3 now funds 100+ brands and scales with Settle
Another major step toward a global, onchain ABS market
4/ This is what 3Jane is built for: originators get the economics of a private, unrated securitization without running their own program
USD3 holds the senior position; sUSD3 sits beneath it and takes first loss
Backing dash: app.3jane.xyz/info/pulls/fcc
5/ Full release: prnewswire.com/news-releases…
