The June stXRP pool on Spectra expired with $ 4.3M in liquidity rolling forward. XRP-denominated fixed income is taking shape on Flare — with Spectra MetaVaults rolling over liquidity at scale. Full details in @spectra_finance’s article below.

I am very excited about where things are headed for Spectra. A few things I want to share, in no particular order: - The value proposition of MetaVaults is working. We are seeing curators source liquidity and incentive packages for their MV deployments independent of Spectra's internal BD efforts. Any founder or BD person will understand how impactful it is to have an independent party capable of sourcing liquidity without a single call or text message. - The second MV value proposition: liquidity rollovers, the biggest pain point of fixed-term markets. Smaller-scale rollovers have already executed with zero friction to liquidity providers. The model holds so far, and a significant pool expiry next month will be its first test at scale. Both of these dynamics remain somewhat masked by market turbulence, but the early signs are evident. - The team has been developing MetaVault V2, and recently completed an important audit with @Certora covering the key components ahead of the Order Book implementation and a strategic non-EVM deployment. The report is due any day now. I'll say it plainly: MetaVaults V2 is the most capable and flexible vault framework on the market. Combined with the team's years of PT/YT infrastructure expertise, this puts MV V2 well ahead of any comparable offering. I will be presenting MV V2 to curators and funds next week during my stay in NYC, centered around the Vault Summit event at NYSE headquarters. - Spectra protocol activity is very vibrant, and Spectra is now the #1 yield trading venue for XRP Finance on EVM. Anyone can monitor and verify the ongoing activity at activity.spectra. finance (more data depth on the pool pages in the App). While I'm here, I also want to reiterate that a tokenomic upgrade for the SPECTRA token remains planned. Since our Q1 update, the thinking has developed alongside the protocol's growth, and we'll bring the detail to the governance forum for discussion. I appreciate everyone's support

I am very excited about where things are headed for Spectra. A few things I want to share, in no particular order: - The value proposition of MetaVaults is working. We are seeing curators source liquidity and incentive packages for their MV deployments independent of Spectra's internal BD efforts. Any founder or BD person will understand how impactful it is to have an independent party capable of sourcing liquidity without a single call or text message. - The second MV value proposition: liquidity rollovers, the biggest pain point of fixed-term markets. Smaller-scale rollovers have already executed with zero friction to liquidity providers. The model holds so far, and a significant pool expiry next month will be its first test at scale. Both of these dynamics remain somewhat masked by market turbulence, but the early signs are evident. - The team has been developing MetaVault V2, and recently completed an important audit with @Certora covering the key components ahead of the Order Book implementation and a strategic non-EVM deployment. The report is due any day now. I'll say it plainly: MetaVaults V2 is the most capable and flexible vault framework on the market. Combined with the team's years of PT/YT infrastructure expertise, this puts MV V2 well ahead of any comparable offering. I will be presenting MV V2 to curators and funds next week during my stay in NYC, centered around the Vault Summit event at NYSE headquarters. - Spectra protocol activity is very vibrant, and Spectra is now the #1 yield trading venue for XRP Finance on EVM. Anyone can monitor and verify the ongoing activity at activity.spectra. finance (more data depth on the pool pages in the App). While I'm here, I also want to reiterate that a tokenomic upgrade for the SPECTRA token remains planned. Since our Q1 update, the thinking has developed alongside the protocol's growth, and we'll bring the detail to the governance forum for discussion. I appreciate everyone's support

The Spectra team quietly completed the development of MetaVault V2, making it the most advanced and flexible vault framework on the market. We are now sharing it with existing MetaVault curators and will showcase it during our presence at Vault Summit NYC at @NYSE next week. With V2, MetaVaults can: - Extend strategies to external protocol assets without custom adapter development, saving significant build time - Give all actors an admin-grade view into parameters, eligible destinations, and whitelisted actions - Route liquidity cross-chain - Encapsulate async strategies like RWA, looping, and carry trade For curators, this is the part worth pausing on. V2 opens a direct path to amplify the distribution of async strategies via the Spectra ecosystem and third-party interfaces. - Handle Yield Derivatives (PT/YT) and fixed-term market (LP) tokens - Compound YT into LP positions - Calculate NAV across @merkl_xyz rewards, pending YT yield, LP tokens, token emissions, and more, all simultaneously - Sync NAV with external reporting platforms like @afiprotocol_xyz and other providers V2 also comes ready for the Spectra Order Book, with native support built in ahead of its official launch.

DeFi Tokenomics is coming to AI ​ Venice introduced DIEM → stake VVV, earn ~18% APY and mint DIEM, tokenized inference credit that generates $1/day in platform credits till perpetuity. ​ BUT, there are many people who minted DIEM but has no use for it. $1/day just goes to waste. AntSeed built on this premise, takes the $1/day inference credit, and sell it to AI users who're interested in discounted credits. ​ Yields for DIEM owners, cheaper inference for AI users, yields on top of yields for VVV stakers. ​ Dolphin pushes the design space a step further: - Perpetual inference credits accrue directly to POD - Node operators, validators, investors align interests by staking - Staking auto-compound yields from network buybacks - The longer the stake, the higher the multiplier for node rewards - Unstaking triggers 3 months of lockup ​ There's veCRV-like mechanic where stakers will be able to re-direct their unused inference credits to other people — instead of bribe market for voting power, we're getting bribe market for inference. ​ My Idea: Just like when Penpie & Equilibria were building on top of Pendle's vePENDLE (2023-25), governance aggregators could accumulate POD, stake them, create liquid wrappers/maximize yields for stakers via the bribe market. ​ Pendle itself could list both DIEM & POD in the future, and create PT/YT markets where investors can speculate on yields with YT if they think inference demand is high OR fixed the yields with PT if they think inference demand is going down. ​ Looping strategy could also be built around PTs (or around original assets directly), essentially enabling leverage inference farming ​ Cool DeFi tokenomics design is definitely coming back