attended my second
@Vault__Summit this year (cannes, NYC) at a legendary venue: the NYSE 🇺🇸
key takeaways:
> regulation is the product; SEC & CFTC news shapes every product decision in real time
> vaults have found PMF but regulatory clarity is still murky; "vault" could mean very different things depending on the use-case
> billion dollar question: is curation equivalent to traditional asset management?
> lots of discussions around risk management, lack of insurance infra and non-custodiality
> non-correlated yield sources in high demand; asset-backed financing, reinsurance quietly gaining traction
> there's only a handful of OG crypto teams left; massive consolidation happening
> people are genuinely excited about fixed-term, fixed-rate loans; will see how morpho midnight and related products play out
> some crypto VCs still alive; though mostly deploying into non-crypto stuff
> some crypto people tried to attend in shorts and got turned away; degen vibes are officially dead
> RWAs & tokenization are the most interesting things happening onchain rn;
@Securitize ,
@plumenetwork and
@OndoFinance leading the pack
> ton of work left to make RWA assets composable with rest of defi
shoutout to leading teams like
@Morpho ,
@gauntlet_xyz ,
@kpk_io,
@LlamaRisk who are leading the onchain asset management revolution
crypto is dead. long live crypto.