And lastly, the problem with "credit markets on chain" is not solved by changing the settlement layer.
The hard part about "credit" is not the accounting ledger, it's the underwriting.
"Am I willing to lend to this borrower against this amount of collateral?"
With BTC, ETH, SOL it's easy, arguably it's easier than really anything else because they are the only assets in the world trading 24/7.
They are fungible and liquid and so the borrower doesn't matter much.
The moment you start adding PT-tokens which only really have liquidity at maturity or RWAs with quarterly redemptions, it becomes 100x harder.
Bearish devs who think it's a dev problem.
Credit markets are moving onchain
We eventually want to power small business loans, home loans, car loans, uncollateralized loans, etc.
Many people in the world don’t have access to credit. We can make it a more efficient (and global) market onchain.
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