Keyring Network
@KeyringNetwork
The trust layer for on-chain markets.
156 Following 2.3K Followers
Smart contracts and DeFi were built to decentralise.
Somehow we got lost along the way.
This changes now.
The first ever decentralised basis trade.
🚨 TODAY: The SEC issued an order granting temporary, conditional exemptive relief to Tokenized Securities Venues from the definition of “exchange” in the Exchange Act to trade tokenized NMS stock using innovative permissioned automated market makers and liquidity pools.
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We tore down the walls surrounding the world's most valuable markets.
$70T+ in stocks are now accessible with rTokens @RealityFi_xyz
This was made possible with the support of industry giants & close partners working together. We'll start with @arbitrum:
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@Bitget 🫶 @KeyringNetwork 🫶 @eulerfinance
Seeded by the @bitget earn programme, @KeyringNetwork is bringing tokenised assets by @RealityFi_xyz to @eulerfinance.
The equity basis premium will define the next explosion in tokenised global markets.
Powered by @BitgetWallet and @BitgetWallet; on
@arbitrum, the home of tokenised stocks.
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@Bitget 🫶 @KeyringNetwork 🫶 @eulerfinance
Seeded by the @bitget earn programme, @KeyringNetwork is bringing tokenised assets by @RealityFi_xyz to @eulerfinance.
The equity basis premium will define the next explosion in tokenised global markets.
Powered by @BitgetWallet @BitgetWallet; on @arbitrum, the home of tokenised stocks.
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Maths is cooked so our quants became voice actors instead … new [un]wind episode live!
Check comments for 🇨🇳 Chinese, 🇰🇷 Korean and 🇯🇵 Japanese versions.
The Revolut story (thanks @zachxbt for bringing us to our attention) is a good time to bring back zkKYC.
Prove what’s required without exposing a passport, selfie and home address every time. Zero-knowledge should mean less personal data to collect, retain and hand over.
Who’s building this at scale today? I remember working on it.
> @KeyringNetwork
> @zkme_
> @zkPass
> @PrivadoID
> @GalacticaNet
What’s the current state of play and why those players are not getting adoption during those years?
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Tokenisation scales when the digital record and legal claim point to the same ownership. Before asking where a tokenised asset can move, ask what the token records.
Professional and institutional investors only. Capital at risk.
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In The Defiant, @Jez_Laser on our work with @KeyringNetwork:
“Institutional interest in on-chain fixed income stems from real opportunity, but constraints remain.”
@LaserDigital_, a @Nomura group company, has chosen @KeyringNetwork as their DeFi partner.
This partnership underscores our tier-one institutional offerings of structuring, settlement technology and permissioned DeFi.
The initial markets will be live on @eulerfinance 👀
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Street robbery collapsed in the West because banks could get stolen money back. With finality you can't.
Why blockchains are still bad rails for everyday economy - more reasons in the new podcast with Alex McFarlane (@flipdazed) of @KeyringNetwork:
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We're moving one more step towards fully autonomous decentralised markets.
LTV and supply caps were long a black box. By inheriting @ISDA parameters we delegate that role from startups back towards truly decentralised global organisations that are better equipped to opine.
The next step is combining this process with a deterministic, verifiable AI model that fully automates the origination process of asset onboarding.
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I spent about 6 months on creating an implementation of @ISDA's SIMM for DeFi.
I hope this represents a step forwards in providing an open-source guide to removing the risks around arbitrary leverage in DeFi.
As a lender, you can use an AI model to audit collateral LTV limits for safety.
This gives you minimum safety bounds, derived from cross-industry quants and experts to rely on.
For risk managers, structurers and lending protocols this gives you a benchmark on how to set parameters with a full methodology.
Now caveats, I'm really not happy with putting this out there today as I feel like it's not finished and I keep finding errors here and there. But it's at the point, where my errors seem to just be grammatical or bad phrasing, or some random slop that snuck in. Whilst, I remain unable to say this is a final version I think it's well past the 80/20 principle and needs to just get out there.
Contributors ...
1) As mentioned, this isn't finished (arg). There are a number of sloppy parts in the back components in particular.
2) We need to extend this to a new crypto risk class
- btc, eth, sol, avax etc.
- bridges (wBTC, BTC.b etc)
- wrappers / staking (wstETH, weETH, wETH etc.)
3) I'll be working on some edits over the next few weeks into FX, Equities, Comm etc as they're a LOT easier than tokenised funds.
Link in comments ...
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@nara_usd 🫶 @KeyringNetwork
Nara will be using Keyring's permissioning infrastructure as a key component of their platform. We're excited to be working with the Nara team as they build the future of stablecoin finance.
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Leverage is what blows up DeFi. Everytime.
Incentives for lending markets are messed up: markets take a performance fee on borrowing so more leverage means more profit (until it blows up!)
What if all the top financial institutions and their quants sat down and figured out how to calculate margins for clearing purposes?
Turns out they did.
Many times.
They even created a DAO called @ISDA.
And the methodology works for DeFi.
We have adopted @ISDA's SIMM standard in combination with Basel III's FRTB liquidity horizons to underpin our risk methodology at @KeyringNetwork for margining (setting LTV) in decentralised lending and borrowing.
In our markets there is almost no discretion.
No negotiation for favourable terms.
No flow-driven parameters.
No re-inventing the wheel.
Verify. Don't Trust.
Full methodology of D-SIMM coming very shortly ... a teaser snippet below.
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@gauntlet_xyz 🫶 @KeyringNetwork
Gauntlet will be using Keyring's infrastructure as a key component of their new Aera vaults.
We're excited to provide scable permissioning and settlement technology to an industry leader.
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[un]wind lets users access primary issuance directly from @MidasRWA
Trustless and decentralised coordination, now live on @eulerfinance
@MidasRWA 🫶 @FasanaraCapital 🫶 @eulerfinance 🫶 @KeyringNetwork
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Major announcement!!!
The most popular zk-KYC solution in DeFi is now free.
Join over 200M and industry leaders and try it today.
Onboarding shouldn't be taxing.
🌟 NEW Pragma Lisbon speaker announced:
@flipdazed, Co-founder and CEO of @KeyringNetwork
July 25 • Pavilhão Carlos Lopes 🇵🇹
we’re famous ☺️
Onchain asset management is not waiting for permission. It is waiting for vault infrastructure that both institutions and regulators can feel comfortable with.
Darren Camas ( @DarrenCamas ) from @Ipor_io on what that infrastructure looks like, and the five pillars that get it there:
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FSMA is a very serious thing and we’ve been saying for sometime that this will start to hit DeFi aggressively.
If you need to block UK look to @KeyringNetwork - blocking UK users since ‘22
