COO @ground_onchain prior: Co-founder @veda_labs, @usmc @navalacademy @columbia_biz | no investment advice
New York, USA
Joined August 2016
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Steph Vaughan retweeted
TRON carries more than 60% of real-economy stablecoin payments.
And very little of it earns anything.
allium.so/reports/state-of-s…
Steph Vaughan retweeted
"Instant liquidity" in crypto is not always available. Many large decentralized finance venues have utilization rates above 90%; only 10% can withdraw at any time.
This is exactly why we built a risk engine @ground_onchain to ensure liquidity exists for withdrawals from DeFi vaults and markets.
Steph Vaughan retweeted
Portfolio Wallets now have a two rebalance settings to choose from:
Automatic: new funds go straight to work against your target strategy.
Manual: nothing moves unless you move it and new funds say in cash
We're always improving the grounds at Ground, built for your stack and your use case.
Steph Vaughan retweeted
Not many deeply care about which chain they are building on.
At @ground_onchain, we're working very hard to make it so you can access any yield source from any chain, regardless of the chain you're building on.
Already, our clients can access yield on Arbitrum, Base, Ethereum, Polygon, Solana, Stellar, Tempo, and Tron on Ground. More to come, but tell me what's missing.
Steph Vaughan retweeted
With @ground_onchain every company will become a savings app.
I find it paradoxical that we are simultaneously concerned about AI having excessive control and making unpredictable decisions, yet we also believe they should/will invest our money on our behalf. Am I overlooking something? If AI can’t successfully book a reservation without any issues or breaking rules, how can we expect it to manage our capital effectively?
Steph Vaughan retweeted
Onchain settlement means faster, better payments and assets.
But with frontier models in the hands of black hats, those building at the edge of fintech need to be prepared.
Take a look at what @realsamyoon has built to ensure Ground users stay safe.
Steph Vaughan retweeted
One of the core challenges that traditional financial institutions face when growing adoption of their crypto-related products has been the ability to reach KYCed customers who want to purchase these products. However, onchain KYC itself has not fully been solved.
I did a deep dive of current onchain KYC solutions, along with corresponding regulatory frameworks, alongside my @a16zcrypto partner @MicheleKorver. We also discuss the forthcoming Know Your Agent (KYA) landscape and emerging solutions.
We are headed to @money2020 DM me to link up!
We're going to @money2020!
Ground is the cash management layer for stablecoins. We help neobanks, payment companies, and wallets put idle balances into a variety of RWA and other yield products from managers like Janus Henderson and Invesco.
If you want to connect and chat, reach out to @rmcuming!
Steph Vaughan retweeted
Usually, fintechs hold a % of balances uninvested, so withdrawals happen instantly.
15% idle against a 3.3% yield blends you down to 2.8%.
That 50bps is more than most platforms plan to make on the product by a fair margin, and more than most providers charge for the whole thing.
We already work with amazing partners like @grovedotfinance that has built a $100M instant liquidity facility for @centrifuge's JTRSY.
Reach out, and we'll help you build a fully utilized, fully liquid earn product.
Thank you @coincenter for another great event and all the work you do for crypto. @ground_onchain was happy to attend with @BlockchainAssn.
Thank you so much @thejoycelai @meigga for creating an amazing community! Happy to be a part of it.
Thank you @BlockchainNYU for the invite. Always a good day to discuss yield, vaults and @ground_onchain.
Most people agree there is a problem in this hypothetical question. I should have split it into multiple parts but will put out more questions regarding ethical/legal lines in DeFi.
An executive from a DeFi company signs a deal to incentivize a vault. The deal is not public but the incentives are seen publicly onchain. The exec then invests in that vault. They then lean on their team to move through the withdrawal queue when incentives end. Is this:
24%Insider trading
55%Unethical
14%No problem
8%Depends local law
222 votes • Final results Steph Vaughan retweeted
→ Neobanks offering earn on customer balances
→ Payment companies putting settlement float to work
→ Treasury teams managing their own reserves
They all use the Ground API with access to assets from @centrifuge, like JTRSY and JAAA.
Tokenized assets are reaching new audiences inside products people already use.
Integrations with @ground_onchain, @labs_compass, @get_para and @lifiprotocol bring them to portfolio builders, developers and agents, fintech users, and capital on other chains.
More on how integrations are scaling distribution: centrifuge.io/blog/tokenized…
Steph Vaughan retweeted
We've heard from 20+ customers that liquidity matters as much as, if not more than, APY.
With Ground's Risk Engine, clients can set a rule based on withdrawable liquidity, TVL, or APY, and program a real-time response or alert when it triggers.
Rules can be absolute or velocity-based. A yield source sitting at low withdrawable liquidity for a while may be acceptable, but if a source loses 40% of its liquidity in a day, you have to rapidly adjust the way you treat it.
An example rule would be: if available withdrawable liquidity on morpho-gauntlet drops >10% in 1 hour, exit the position to cash.
Rules are associated with individual yield sources, so they're precise and simple to build.
You can set a rule once, and it will run continuously until you turn it off. When a rule triggers, you'll receive an email alert and a webhook. Your ops team doesn't need to be awake 24/7 to watch 10 sources and react to changes; instead, your systems know in seconds.
Live now in the Ground Dashboard (API access coming soon): portal.groundtech.co/signup
Grateful to partner with @centrifuge to bring JAAA and JTRSY to neobanks and fintechs, seamlessly through @ground_onchain.
Tokenized assets are reaching new audiences inside products people already use.
Integrations with @ground_onchain, @labs_compass, @get_para and @lifiprotocol bring them to portfolio builders, developers and agents, fintech users, and capital on other chains.
More on how integrations are scaling distribution: centrifuge.io/blog/tokenized…
An executive from a DeFi company signs a deal to incentivize a vault. The deal is not public but the incentives are seen publicly onchain. The exec then invests in that vault. They then lean on their team to move through the withdrawal queue when incentives end. Is this:
24%Insider trading
55%Unethical
14%No problem
8%Depends local law
222 votes • Final results