Obligate

Update on the reported Binance hot wallet incident. Collateral: No collateral backing our vaults is affected. This includes Figure, OnRe, Huma, Avant, InfiniFi, Tori, Re, Obligate, f(x) and Coinshift and others across all chains. Indirect exposure: Some of the protocols we allocate to hold positions in Ethena assets. Ethena’s potential exposure to Binance is below $10M and falls within the coverage of its insurance fund (over $60M). Liquidity: Withdrawals from our vaults are operating normally. Some Morpho markets may see reduced liquidity and higher volatility in the near term. We have been monitoring the situation closely since the first reports emerged, and our risk team will continue to monitoring positions diligently.

“Rice is rice, so there's a good global market for that.” “We sold within twenty-four hours to another trader and they started taking delivery of it.” "We actually made more money for our investors at that point." @TradeflowM ceo Tom James on how his team navigated a disrupted commodity trade during COVID, and why ownership of the underlying physical goods is central to their risk management strategy:

With @obligatecom's oTFY/USDC market now live on @Morpho, holders can borrow USDC against their tokenized trade-finance exposure. Behind $oTFY is TradeFlow Capital's strategy of financing global commodity trade through the ownership and movement of physical goods. Tokenization is helping bring this historically institution-dominated asset class to new investors, with DeFi integrations expanding what holders can do with their positions. We sat down with Obligate's Deputy CEO @jagti and @TradeflowM CEO Tom James to explore how the underlying commodity trades generate yield, what makes oTFY compelling as a yield-bearing asset, the benefits of its new Morpho lending market, and what's next for Obligate.