Jeff Amico

@_jamico

COO @GensynAI / ex @a16z @Cravath

USA

Joined August 2018

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Jeff Amico
@_jamico
Aug 12
How an RWA credit facility blows up 1. You deposit USDC into an onchain credit facility and get a yield-bearing stablecoin in return ("USDX"). USDX is backed by a portfolio of loans to offchain borrowers, according to the marketing. 2. USDX's issuer creates a Morpho market
Jeff Amico
@_jamico
Aug 18
How to get 10x leverage on private credit 1. You go to JP Morgan and tell them you have $100 of shares in a non-traded private credit fund ("Red Dove") and you want 10x leverage. Red Dove makes loans to crypto hedge funds and passes along the yield. 2. You tell them the loans
Jeff Amico
@_jamico
Aug 13
♬ Hello darkness my old friend ♬
Jeff Amico
@_jamico
Aug 12
How an RWA credit facility blows up 1. You deposit USDC into an onchain credit facility and get a yield-bearing stablecoin in return ("USDX"). USDX is backed by a portfolio of loans to offchain borrowers, according to the marketing. 2. USDX's issuer creates a Morpho market
Jeff Amico
@_jamico
Aug 4
How most "RWA credit vaults" work today 1. You deposit USDC into a smart contract and get a "yielding stablecoin" in return. 2. The affiliated labs co / foundation takes your money from that contract and lends it to an offchain borrower. Sometimes the borrower pledges / sells
Jeff Amico
@_jamico
Jul 24
Lord give me the confidence of a crypto lender depositing into DeFi and earning 100 bps below SOFR
Ryan Rodenbaugh
@ryanrodenbaugh
Jul 24
Show me the cheapest places to borrow USD-pegged assets against BTC or ETH collaterals with available liquidity of =>10m.