Kevin Chan
@kevinlichan
Cofounding @grovedotfinance, Chef-ing @steakhousefi. Investing @strobefund. Prev. BlockTower and MIT. Not financial advice.
341 Following 9.7K Followers
.@kevinlichan, co-founder of @grovedotfinance, on Grove Basin: an instant redemption facility that takes tokenized assets from T+1 or T+N redemption cycles to atomic, onchain settlement.
Powered by Chronicle Proof of Asset 🤝
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I love going back to Beijing!
I’m there every year to see family, friends, and brush up on my Mandarin.
Thoughts this year:
- AI is being used by everyone, a lot, in really intuitive ways. My nephew is learning math by chatting with his 1:1 tutor before dinner.
- Chinese EVs are incredible. The top models are basically mobile suites / executive offices and there are more affordable models brands on the streets than I can count.
- Life in Beijing is incredibly comfortable. Amazing food / experiences without waiting in lines or feeling crowded. Modern, clean, and safe.
Pictured 中国尊 China Zun, tallest tower in Beijing
Will be back soon!
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New on Grove Data: Financials.
Explore Grove's performance in detail, from gross revenue to net protocol income.
Now live at 🌳
We started curating vaults on @Morpho in Jan 2024. The goal was simple: make onchain finance part of everyday life for the world's stablecoin users.
Those users reach Steakhouse-curated vaults not only through DeFi but also through the apps they already use.
The Steakhouse story on Morpho, 2.5 years in:
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Basin is deeper 🌊
Grove Basin JTRSY has now reached $100M in instant stablecoin liquidity.
Available to JTRSY holders on @centrifuge.
Tap in 🚰
Another great conversation with @jacqmelinek on @_TalkingTokens!
We get into what Grove is building, how we’re connecting institutions with Sky, and why stablecoins and onchain credit matter.
Thanks for having me on the pod!
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Dropping later today is our full conversation with @kevinlichan, co-founder of @grovedotfinance.
We talked about the growth of stablecoins and why its building an institutional-grade credit infrastructure protocol on @SkyEcosystem.
Stay tuned. 🤫
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Grove and Galaxy have built a $500M warehouse lending facility on Sky Protocol.
@grovedotfinance provides USDS liquidity for @galaxyhq to originate and service institutional loans secured by digital assets.
Here is how the structure works and what it makes possible ↓
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Cash-equivalent status is what makes Treasury bills so ubiquitously used in traditional financial markets.
Below, I wrote about some things we'd love to see builders build for tokenized Treasury bills to replicate these use cases in decentralized financial markets.
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Take 15 on the 15th 📰
Grove Canopy is the monthly newsletter that puts the whole Grove in view: what shipped, what moved, what's next.
Subscribe at and don't miss the first issue today at 1pm ET 🌳
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Excited to be working with Galaxy and Grove on this. Chronicle Proof of Asset is going beyond proof of reserves, it’s extending verification into the covenants that underpin institutional credit.
Reminder to use Grove Basin @grovedotfinance
Grove announces strategic stake in @centrifuge ecosystem.
The initial position establishes a 37.8 million CFG token holding for Grove.
This builds on a relationship that has more than $1.27 billion currently deployed through Centrifuge infrastructure.
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Grove Data, redesigned.
Same data, a deeper experience: view holdings by asset, network, or protocol, and filter between @SkyEcosystem and Grove Data.
From the full portfolio down to a single position, everything is one click away.
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crypto is now a bunch of technical founders trying to become good at GTM
24/7/365, zero fees, up to $500M daily liquidity via @grovedotfinance Basin is hard not to notice and use productively onchain
Grove continues to capitalize the stablecoin economy 🌳
First funding of $47.5M into the Grove x Galaxy $500M warehouse lending facility is complete.
Grove serves as the warehouse lender, financing @galaxyhq's origination of institutional loans secured by BTC & ETH.
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Excited to be continuing our partnership with @galaxyhq
Onchain protocols are evolving to support more sophisticated lending activity. This warehouse facility is a step towards a more integrated and capable onchain lending ecosystem than before.
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Grove and Galaxy Digital Announce $500 Million Warehouse Lending Facility
Grove serves as the warehouse lender, financing @galaxyhq's origination of institutional loans secured by digital assets.
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GROVE is live on @coinbase.
Enter the Grove.
Robinhood Charts a New Course Onchain 🪶
@RobinhoodApp has announced the launch of Robinhood Chain. Launching alongside the chain is Robinhood Earn, enabling eligible users to access a variable yield from onchain lending markets.
Curated by Steakhouse. Powered by @Morpho.
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How does Grove extend the onchain trust model to assets originated in the real world?
We use Chronicle, that’s how.
I’ve been working with @nomos_paradox, @jensenhaji , and the @ChronicleLabs team for a long time and can confidently say their disciplined approach is how we secure trillions.
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Trillions in RWAs are moving onchain… but are we doing it the right way?
Nik Kunkel @nomos_paradox & @kevinlichan @grovedotfinance sit down on Unwrapped to discuss tokenization, real-time verification, and why everyone should ask: what's in your wrapper?
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