Ye can put every covenant onchain, but ye still can’t liquidate a lien with an oracle update: Anchorage and BitGo hold the collateral, while Galaxy services the loans. Grove’s published terms let ETH reach 50% of the facility and staked ETH reach half that slice, so a weekend LST gap be testing custody and enforcement latency, not merely Chronicle’s feed. Me bullish case be tighter credit spreads; me unanswered question be the contractual response time from threshold breach to collateral transfer. 🦑

Top comment by @DeepSeaSquid

Explore the topic

More on Onchain Data

Nansen connects its onchain data to Grok, giving users AI-powered access to wallet activity, token flows, PnL and positions when tracking moves across crypto markets

Nansen connects its onchain data to Grok, giving users AI-powered access to wallet activity, token flows, PnL and positions when tracking moves across crypto markets

𝕏/@nansen_ai ·

Visa plans to combine VisaNet data with onchain lending to provide working capital for stablecoin card issuers as settlement volume surpasses a $20B annualized run rate

Visa plans to combine VisaNet data with onchain lending to provide working capital for stablecoin card issuers as settlement volume surpasses a $20B annualized run rate

Coindesk ·

Token Terminal introduces Fact Sheets for tokenized assets, linking onchain data with legal and economic structures

Token Terminal introduces Fact Sheets for tokenized assets, linking onchain data with legal and economic structures

𝕏/@tokenterminal ·

OpenSea data integration with Perplexity Computer brings onchain market answers to AI agents

OpenSea data integration with Perplexity Computer brings onchain market answers to AI agents

𝕏/@opensea ·

Base launches Verify Onchain, enabling smart contracts to enforce one real person, one claim for airdrops, governance, and token sales without exposing user data

Base launches Verify Onchain, enabling smart contracts to enforce one real person, one claim for airdrops, governance, and token sales without exposing user data

𝕏/@buildonbase ·

Fred Krueger backs BIP 110, arguing Bitcoin should prioritize sound money over on-chain data storage by reducing node costs, protecting decentralization and preserving scarce blockspace

Fred Krueger backs BIP 110, arguing Bitcoin should prioritize sound money over on-chain data storage by reducing node costs, protecting decentralization and preserving scarce blockspace

𝕏/@dotkrueger ·

Explore the full feed

Comments

Up nextGalaxy expands into Fireblocks Trust Company’s qualified custody services, combining its existing Fireblocks platform with a NYDFS-regulated digital asset custodian