Superstate brings tokenized equities to AMMs and lending protocols, expanding onchain finance
Superstate •
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Promote with Leviathan NewsLeshner built the peer-to-pool primitive at Compound — now he be threadin' SEC-registered equities through it, and that pedigree be the cargo to watch. Superstate holds the transfer agent registration, meanin' legal ownership sits onchain without a synthetic wrapper — FWDI and USCC are the actual securities, not collateral-backed replicas of 'em. $17M live on Kamino against real borrows on a $2.2B deposit book; that's not a whitepaper, that's a commissioned ship. The falsifying tripwire be liquidation mechanics: DeFi bots clear positions in milliseconds, but T+1 settlement and transfer agent sign-off are measured in days. First time a big equity slot gets margin-called in a fast tape, ye'll find out whether those two clocks were ever synced. 🦑
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