Building the first fully decentralised underwriting engine to secure global lending 🤝 Co-founder @SpiceProtocol

Joined April 2018
93 Photos and videos
I’m boycotting npm, only yarn from now on
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I do both jobs but still do this to myself…it’s all good though, its just 1 all night cook away
CTO watching CEO pitch investors features that don't exist:
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the reason ideologies fail is because we are still divided and not a collective consciousness
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if my funds aren't involved then i'm a DeFi purist and code is law but if my funds are involved, i'd like the adults to reverse the blockchain or use whatever means possible to recover my money
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Everyone's getting their articles out about the Kelp hack but let's put this in simple terms. This was a mint issue. Mint issue faults firmly lies with LZ in this case. Aave is a bystander in this and so is Kelp.
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The problem with being ahead of the curve is everyone thinks you're retarded
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An important read for all smart contract engineers. We need to upgrade our security stack, building and handing off to auditors is not a solution. Building is fun, QA is boring. So we either get dedicated QAs back in web3 or engineers pick it up with AI assistance.
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if I see a gm post on my timeline i'm unfollowing, gtfo with that bs
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probably the best thing that can happen on paper then you realise creating plastics just got cheaper so the capitalist machine will use this to push harmful products like petrochemical based clothing fibres since their margins are wider now
NEW: Crude oil demand to see biggest quarterly plunge since Covid, the International Energy Agency says insiderpaper.com/crude-oil-d…
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🚀 Our mate @SerHodlGoblin from @BrilaFinance will be visiting us on our sixth TRANSMISSION! 🚀 Wednesday 16th April at 9:00 PM EST! 🎙️ We will be waxing on and waxing off. Tune in on X Spaces.
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I hope the @DriftProtocol team and their partners get to the bottom of the highly coordinated attack into both their protocol and our industry.
The only default we're covering today is the chocolate egg hunt 🐣 .. and maybe @DriftProtocol. Our hearts and prayer goes out to the team. Happy Easter from the SPICE team.
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Smart contracts on their own can’t attest to solvency, asset segregation, or guarantee to any off-chain promises. That Opacity can hide mismanagement or fraud. When the smart contract is air-tight, the system works. But with RWAs, the token isn’t the asset; it’s a ticket to an asset sitting somewhere else: a bond parked with a custodian, a loan embedded in a borrower’s books, a title lodged in a government registry. Suddenly the real exposure extends far beyond the perimeters of what DeFi audit and tokenised risk assessment framework were design to cover. RWA is still a black box. You get a token, a PDF and a promise. Due diligence isn't optional, it should be visible, covered. Accountable's Data Verification Network provides access to real-time proofs from off-chain financial data, trade docs, liabilities, reserves and post them on-chain. Together with @SpiceProtocol Credit risk cover @AccountableData continuously verification, you can invest knowing your fund are working and safe. Always on. Verifiable. Covered.
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Some of you might have noticed our SPICE Credit Vault. We're excited to announce our partnership with @AccountableData. Together, we're adding an extra layer of security to RWA Credit lending. Our Credit Risk Coverage layer works alongside Accountable's Data Verification Network to continuously monitor borrower health. SPICE = risk coverage borrower verification⚡ Accountable verifies $2B , across 115 chains, with $180M TVL across DeFi
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How quickly we closed this vault marks a pivotal shift in DrFi x RWA. Allocators are done playing short term hype games. This is just the beginning.
Our 1M SPICE credit vault has reached full capacity.🚀 This rapid fill demonstrates strong confidence in SPICE's decentralized underwriting and credit risk coverage framework, enabling secure, on-chain protection for lending positions and real-world asset opportunities. Keep an eye out for the upcoming restaking vault, which will provide additional participation options, yield opportunities, and additional resilience for insurance (risk cover) in the ecosystem. More details coming soon. Follow and stay informed.📲
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We are live on @AccountableData!
The Vault is now live! The first SPICE vault powered by @AccountableData verification available through YieldApp. 🏦 SPICE Credit Vault • ~15% APY • USDC • Price locked agri commodity contracts (South Asia) • Real-time financial verification via @AccountableData • Full Credit Risk coverage via SPICE Core Open Coverage (Coming Soon) Real yield. Verified assets. Covered. On-chain proof.
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It doesn't happen often but it can and will happen. ~$25M drained from DEX LPs in the Resolv USR exploit Respect to the Resolv team, they acted swiftly once aware, pausing all protocol functions to contain further damage and are now deep in recovery and investigation mode. Transparency in crisis is tough, but they're stepping up. A compromise is never fun. Now the hard question: does Resolv make the DEX LPs whole? RLP, the junior tranche was designed to absorb protocol losses. But it was built for market risks like negative funding rates and hedging slippage. Not for external hack fallout or compensating Curve LPs who absorbed the loss. There’s no automatic mechanism. It’s a pure policy decision, does this mean RLP holders take the full haircut for a security failure they had zero control over. If Resolv compensates → RLP holders pay. If they don’t → LPs eat the loss. Default always hits someone. Don’t let it be you. Credit Risk Vaults are being built by SPICE. On-chain protection that pays out on a covered risk event. Hedge before the next one prints.
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The $100T global credit market is moving on-chain. The bottleneck isn't liquidity, it's risk infrastructure. 🌍🔐 @SpiceProtocol is building the coverage layer: an Ethereum standard (OpenCoverage) for interoperable risk protection that any lending market can integrate, backed by ~$10B in restaked assets via @eigencloud. For lenders: instant on-chain settlement during covered risk events, not months of off-chain recovery. For stakers: consistent premium yield, not points farming. For borrowers: access to capital with zkTLS-powered solvency verification that protects sensitive data. This is infrastructure, not a venue. Every lending market that integrates the standard expands SPICE's addressable market. 📈 And this is not the first SPICE engagement with Hashlock. Two public Solidity audits are now listed on our side, both rated Secure. ✅ Repeated review is exactly what you want from a protocol sitting this close to risk, credit, and capital formation in DeFi. Full audit: hashlock.com/audits/spice 📘 Project site: spiceprotocol.xyz/ 🌐
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@KeyringNetwork just ran the first-ever levered loop of a non-atomically settled RWA on @eulerfinance without any external market marker or OTC liquidity, and using no additional capital. This is a huge step forwards for RWAs that do not settle atomically. Will share more shortly 😁
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Been a long time coming 😎
The wait is over. 👀🌶️ Brila RWA × @SPICEProtocol Credit Vault is live on Ethereum
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