Revolutionizing capital markets at @SpoutFi | on-chain architecture nerd
Joined January 2015
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Excited to share that @SpoutFi has raised a $2m strategic funding round, backed by @DraperDragon, @Anchorage, @FlowTraders, @Taisu_Ventures, @VesselVC, @solayer_labs, and @2SquareCapital, with strategic backing from @solanalabs. @toly and @rajgokal both invested as angels, as did @giancarloMKTS the 13th Chairman of the U.S. Commodity Futures Trading Commission, who has also joined as a strategic advisor.
@SpoutFi is a borrowing and lending platform where users post collateral and borrow stablecoins at 0% interest, with a flat loan-to-value ratio of 50%. We make this possible by combining lending with covered calls: lenders are paid from the premium on calls written against the collateral.
It is very exciting to take everything I have learned as a protocol engineer in the blockchain space and apply it to new use cases for financial products. Blockchain technology promises easier access to financial products worldwide and a more efficient economy. This is an important step for @SpoutFi, and we are just getting started.
Paul retweeted
In order for tokenized stocks to gain more utility, onchain markets need to tap into traditional brokerage rails.
That’s why @Ondo and @SpoutFi's partnership is significant: Spout will let eligible investors outside the US borrow USDC against Ondo Stocks on Solana, with no interest charged.
Supported by Alpaca’s Instant Tokenization Network (ITN), Spout will convert Ondo Stocks into underlying shares and execute covered-call strategies in traditional options markets.
We’re excited to be building infrastructure that connects onchain and traditional markets so partners can build more efficient financial services.
Learn more below.
A new unlock for Ondo Stocks is coming.
Spout Finance will support Ondo Stocks as collateral on Solana, enabling:
→ USDC loans, no interest charged by Spout
→ Loans up to 50% of collateral value
→ Token-to-share conversion via Alpaca’s Instant Tokenization Network
What once required access to prime brokers and private banks is now possible onchain.
Tokenization isn't just changing how assets are held. It's unlocking a new generation of financial applications across the onchain economy.
Paul retweeted
I’m pleased to advise @SpoutFi in bringing covered-calls on chain with transparent rules and workings visible to all. @Ondo’s investment is strong endorsement from a leader in building the share-level infrastructure that makes solutions like this possible. prnewswire.com/news-releases…
Paul retweeted
Interest-free USDC loans against ethereum:0xfaba6f8e4a5e8ab82f62fe7c39859fa577269be3 stocks on @solana (up to 50% LTV) via Spout is a real unlock.
Covered-call premiums on the underlying shares fund lenders instead of borrower interest, bringing prime-broker-style financing fully on-chain through Alpaca’s Instant Tokenization Network.
Tokenization is now delivering usable financial utility.
A new unlock for Ondo Stocks is coming.
Spout Finance will support Ondo Stocks as collateral on Solana, enabling:
→ USDC loans, no interest charged by Spout
→ Loans up to 50% of collateral value
→ Token-to-share conversion via Alpaca’s Instant Tokenization Network
What once required access to prime brokers and private banks is now possible onchain.
Tokenization isn't just changing how assets are held. It's unlocking a new generation of financial applications across the onchain economy.
Paul retweeted
The Catalyst thesis for tokenized stocks is simple: back the use cases a token makes possible that a brokerage account doesn’t.
@SpoutFi is a clean example. Deposit Ondo Stocks, borrow USDC at 0%, and covered calls on the underlying shares pay the lenders. Borrowers give up upside above the strike instead of paying interest.
Glad to be on the cap table with @0xmryan and team. Old strategy, new access.
A new unlock for Ondo Stocks is coming.
Spout Finance will support Ondo Stocks as collateral on Solana, enabling:
→ USDC loans, no interest charged by Spout
→ Loans up to 50% of collateral value
→ Token-to-share conversion via Alpaca’s Instant Tokenization Network
What once required access to prime brokers and private banks is now possible onchain.
Tokenization isn't just changing how assets are held. It's unlocking a new generation of financial applications across the onchain economy.
Paul retweeted
We’re excited to announce that Spout has raised a $2m strategic round from @DraperDragon, @Anchorage, @FlowTraders, @Taisu_Ventures, @VesselVC, @solayer_labs, @2SquareCapital and @Bering_Waters, with strategic backing from @solanalabs
Borrowing against your own stock doesn’t have to cost interest.
Post tokenized US equities as collateral. Borrow USDC at a flat 50% LTV. Pay 0% interest for as long as you hold the loan.
The lender is paid out of covered call premium written weekly against that collateral, not out of a rate the borrower pays. That is the whole trick.
Paul retweeted
Spout Finance is heading to Singapore 🇸🇬
Our Co-Founder and General Counsel @MrReijn will be joining @Taisu_Ventures’ The Future of Money & Payments on October 6 for a panel on the next generation of financial infrastructure.
Our team will also be around for Token2049 week, connecting with founders, investors, builders, and teams across the ecosystem.
If you’re in Singapore this week, come say hi.
RSVP below ↓
Paul retweeted
We’ve spent a lot of time thinking about what financial markets look like when the underlying assets move onchain.
Not as a trend.
As infrastructure.
Our co-founders @MrReijn @Mierlo1999 joined Pirates Parley to discuss the ideas behind Spout Finance, the problems we’re solving, and where we think onchain finance is heading.
Watch the full interview below.
Spout. Tune in. Ask questions. That's it.
@SpoutFi
teapaw.org/i/broadcasts/1vJpPNpNe…
Thank you for having us @SteveCleanBrook @triton_one 🤝
Pirates Parley: Episode 30 teapaw.org/i/broadcasts/1vJpPNpNe…
Sitting down with @SteveCleanBrook and @MrReijn to talk all things Spout. We’ve come a long way, excited to share what we’ve been building!
All systems are go for this episode, which starts in 3.5 hours!
Tune in live to learn about Spout, and the alpha shared (you heard it here first).
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Paul retweeted
So beyond excited to share with everyone that we are officially live on testnet!
Been working on this for over a year and a half
I truly think we are in the beginning of a financial revolution, where yield is kicked back from institutions to the little guys. This is what's been happening with yield-bearing stablecoins. We are applying a similar principle to tokenized stocks. Only the beginning...
Spout Finance Beta is officially live on @solana Testnet.
You can now buy tokenized US equities, borrow against them at 0% APR without selling, and put your stablecoins to work and earn yield.
Proud of what we have been building over at @SpoutFi! Follow our socials to get secret access codes to get in 🙌
Spout Finance Beta is officially live on @solana Testnet.
You can now buy tokenized US equities, borrow against them at 0% APR without selling, and put your stablecoins to work and earn yield.
Paul retweeted
Tokenization gets stocks on-chain. Utility is what keeps them there.
Cohort 4 alum @0xmryan (@SpoutFi) joins @Genfinity for a deep dive on building the collateral layer.👇
Solana Exclusive 🐳 Tokenized Equities & Onchain Collateral Infrastructure
@TateOnChain interviewed @SpoutFi on the infrastructure being built around tokenized equities:
• Tokenized equity collateral
• @Solana @Incubator Cohort 4
• Insurance fund + tranching
• AI agent + API integrations
Spout isn’t just bringing stocks onchain. It’s unlocking what you can actually do with them.
Full Interview:
Paul retweeted
In many lending pools, every lender gets the same risk profile and the same yield structure, regardless of how they want their capital positioned.
On Spout Finance, lenders will have two positions to choose from: Senior for a more protected position with priority in yield distribution, or Junior for more risk and greater exposure to the remaining yield and more earning potential.
Both positions are backed by the same underlying source of income, with a base yield on every deposit from the start.
The difference is where you choose to sit in the risk and return structure.
Paul retweeted
Access to your own wealth shouldn’t depend on how much you have or how much you’re willing to give up.
The way we’ve always experienced it isn’t the way it has to stay.
Something better is on the horizon.
Paul retweeted
Demo Day is a wrap. Time to meet our winners 🏆🇳🇱
5 teams pitched projects built on @solana, here's who took it:
🥇 @SpoutFi: SpoutFi is next-level infrastructure enabling anyone, anywhere to borrow against their equities at 0% APR
🥈 @yieldbayfi: Yieldbay is a high-fidelity interface to track and execute across lending, staking, and concentrated liquidity from a single dashboard
🥉 @VaultMindAI: VaultMind is a 24/7 AI auditor keeping your smart contracts secure, continuously
Congrats to all three, and to every team that pitched!
Catch all pitches in the recording 👇
LIVE from Solana Demo Day at @DutchBlockWeek ! 🇳🇱
Dutch builders are taking the stage to pitch their projects and compete for a $5,000 prize pool.
Tune in! 👇
teapaw.org/i/broadcasts/1jGXggnwg…
Paul retweeted
LIVE from Solana Demo Day at @DutchBlockWeek ! 🇳🇱
Dutch builders are taking the stage to pitch their projects and compete for a $5,000 prize pool.
Tune in! 👇
teapaw.org/i/broadcasts/1jGXggnwg…