#DeFi Where is the collateral type for fixed yield?
Billions sit in @pendle_fi PTs.
Deterministic.
Asset-backed.
Settling to a known value on a known date.
And none of it is usable as collateral.
OVRFLO fixes that. 🧵
The stream NFT is an on-chain cash-flow instrument.
Non-cancellable. Fixed payments. Known schedule. Backed by the PT. Transferable.
A new collateral primitive.