A new onchain credit protocol, Zipcode Finance, is expected to launch this month.
The first vault, curated by
@zipcodenetwork and powered by
@eulerfinance, will finance a HELOC originator.
The opportunity is similar to what
@HastraFi built with
@Figure, which now has $407M in TVL. $SN46 emissions on
@bittensor will be wrapped on
@base to incentivize initial deposits and third-party curators.
Upon launch, curators will be able to create vaults using Zipcode's oracle infrastructure, which can be used to create products akin to
@3janexyz and
@paretocredit warehouse facilities.