Sumcap (@Sumcap) / X

Sumcap

1,094 posts

Sumcap

@Sumcap

Research, conviction & capital as catalyst. Σ DeFi-native yield fund.

Joined October 2021

Pinned
Sumcap
@Sumcap
Jun 10
Article
Stuck in the Loop: The RWA Unwind Problem
An RWA position is a call on the way in and a put on the way out, written across the same settlement gap. Cheap to build. Expensive to dismantle. In DeFi, leverage is supposed to be atomic - a...
249K
Sumcap
@Sumcap
10h
Congrats to the @Plasma team on the P1 public launch 🕊️ Out of closed beta with real usage already on the board: ~26k cardholders ~$10m card spend ~$11m across Earn + Checking Live flows:
Plasma
@Plasma
13h
Plasma One is live now. Join in the next 7 days and get the Core tier free for your first year. Over $1,000 in value, reserved for early users.
00:00
Plasma One | Dune
From dune.com
1.7K
Sumcap reposted
Midas
@MidasRWA
Jun 10
Sharp deep dive from @Sumcap into the "RWA Unwind Problem": a position can open in a single block but take days to unwind, because the token lives onchain while the underlying does not. The piece walks through the range of fixes the industry has built and also looks into MSL
Sumcap
@Sumcap
Jun 10
Article
Stuck in the Loop: The RWA Unwind Problem
An RWA position is a call on the way in and a put on the way out, written across the same settlement gap. Cheap to build. Expensive to dismantle. In DeFi, leverage is supposed to be atomic - a...
3.3K
Sumcap reposted
Subvisual
@subvisual
Jun 4
Thank you to everyone who showed up for Braga Blockchain yesterday for honest talks around the Web3 space and what is and isn't true nowadays. A special thanks to @polpedu for sharing his take on HIP-4, Polymarket, and who decides what's true on-chain. See you at the next one!
490
Sumcap
@Sumcap
Jun 2
Two protocols can run the exact same strategy and hand you completely different risk. The difference is tranching. A thread 🧵
Sumcap
@Sumcap
May 28
Article
Tranching in DeFi: Who Actually Gets Paid and Who Holds the Bag
DeFi does not have a yield problem. It has a risk problem. The yield sources exist, but most products still force everyone into the same position. Tranching changes that by separating who gets paid...
673
Sumcap
@Sumcap
Jun 2
Replying to @Sumcap
The harder question is still open. When tranche tokens become collateral elsewhere, gates and cooldowns collide with money markets that need to liquidate fast. Both can work alone. Together, one is usually wrong during stress.
159
Sumcap
@Sumcap
Jun 2
We break it all down: yield sources, waterfalls, redemption design, incident response, and composability. Full piece: sumcap.xyz/blog/tranching…
144
Sumcap
@Sumcap
May 28
Article
Tranching in DeFi: Who Actually Gets Paid and Who Holds the Bag
DeFi does not have a yield problem. It has a risk problem. The yield sources exist, but most products still force everyone into the same position. Tranching changes that by separating who gets paid...
1.4M
Sumcap reposted
Subvisual
@subvisual
May 27
One week to Braga Blockchain at our office. @polpedu (@Sumcap Labs) on HIP-4 vs Polymarket and what happens when two protocols can't agree on the truth. 📅 June 3 · 18:20. RSVP through the link in bio 👆 #bragablockchain #web3
Subvisual
@subvisual
May 13
Braga Blockchain is back at the Subvisual office on June 3. This time, the theme is Deciding What's True, with honest talks with people building in Web3. Lineup drops soon. RSVP through the link in bio. 📍 Subvisual's Office 📅 Wednesday, June 3 · 18:20 #bragablockchain
520
Sumcap
@Sumcap
Apr 28
Plasma One officially launches in June 2026. Ahead of that, we’re rolling out the first public on-chain dashboard for the @Plasma ecosystem, now live in beta. Track: • Card holders; • Spend Volume; • $XPL Cashback; • & much more! Explore the data: dune.com/sumcap/plasma-…
6.2K
Sumcap
@Sumcap
Apr 28
Disclaimer: Metrics are reconstructed from on-chain Plasma data activity which might be incomplete, incorrect and subject to change. We’re continuously refining coverage and accuracy.
269
Sumcap
@Sumcap
Apr 16
Our team took home the win at Agents Day Braga. One day. One idea. A multi-agent debate simulation for prediction markets, finding cross-market hedges through emergent patterns of discussion. Proud of the team. More on this soon. Thanks @subvisual @LayerXlab @TalentProtocol
Subvisual
@subvisual
Apr 16
Agents Day Braga is a wrap! 🕵️‍♂️ Thank you to everyone who showed up to work and to those who shared their knowledge through workshops: @0xdavidesilva on Agentic Development, Mário Alves and @thatCarlosM on Devs-GTM, and Simão Nogueira on cloning OpenClaw to run in the cloud for
1.3K
Sumcap
@Sumcap
Mar 30
We're pleased to have participated in @MidasRWA's $50M Series A. Since inception, they've tokenised over $1.7B in assets and nearly $40M+ in yield distributed. Huge congrats to @DennisMidas and the entire @MidasRWA team!
Midas
@MidasRWA
Mar 30
Article
Midas Raises $50M Series A to Launch Instant Liquidity Layer for Onchain Investment Products
We started Midas with a simple but ambitious vision: the best investment products in the world should be as accessible, transparent, and composable as any DeFi primitive. Today, we are announcing a...
5.8K
Sumcap
@Sumcap
Mar 30
Midas is building the architecture for onchain capital markets to scale, bringing any asset, vault, ETF or stock on-chain with atomic instant liquidity and native composability. mSL introduces atomic redemptions and external liquidity pools, a new standard for tokenised
Midas
From midas.sumcap.xyz
1.3K
Sumcap
@Sumcap
Mar 30
Explore how they’re boosting on-chain transparency and enabling instant liquidity with mSL. More details:
Midas | The Standard for Onchain Investment Products
From midas.app
182
Sumcap reposted
Midas
@MidasRWA
Mar 26
Article
Introducing Midas Staked Liquidity (MSL): Instant, Atomic Liquidity for Tokenised Assets
Every tokenised asset faces the same structural trap: to support instant liquidity, protocols either bleed yield through idle cash reserves, or hand control to market makers who price in settlement...
10K
Sumcap
@Sumcap
Feb 23
151 days since mainnet launch, and @Plasma has officially cleared $250B in cumulative @USDT0_to transfer volume. What began as a specialized vision for stablecoin-native infrastructure has rapidly scaled into a high-velocity liquidity layer. Here is the data behind the
23K
Sumcap
@Sumcap
Feb 23
The pulse of the network has moved from early-stage volatility to sustained, mature utility. • $580M average daily volume (last 30 days). • 74% of all stablecoin supply on Plasma is now USDT0. We are seeing the establishment of a new liquidity standard.
1.2K
Sumcap
@Sumcap
Feb 23
A $250B milestone is only possible with a robust foundation. Today, 60+ protocols - ranging from decentralized exchanges to institutional RWA providers - rely on @USDT0_to as their primary liquidity base on @Plasma. Explore the 60+ projects driving this growth
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