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Silver price volatility skyrocketed in the past year due to a series of supply shocks.
This made working with silver a nightmare for a lot of companies. Let’s say you’re a solar panel manufacturer and need 30,000 ounces of silver to fulfill an order. Silver price rallies, and what used to cost $600k is now 3m. You’ve already taken payment, you cant reneg on the order, and now you’re faced with a huge haircut on your margin.
We’re allowing these companies to lease their silver instead. This eliminates exposure to price, reduces capital costs compared to borrowing cash, and turns a (wildly) variable cost into a fixed cost.
Introducing thSLVR: yield-bearing silver, powered by silver financing.
A single solar farm uses up to 20 tonnes of silver in its panels, worth $40 million in today's prices.
Silver has the highest electrical and thermal conductivity out of any metal, making it critical in frontier applications like solar panels, nuclear reactors, data centers, and aerospace.
With Theo, companies who need silver can borrow instead of purchasing it.
This means lower capital costs, no price exposure, and reduced operational complexity, allowing businesses to focus on what matters.
Onchain investors can purchase thSLVR to gain exposure to yield-bearing silver.
Learn more: theo.xyz/articles/introducin…
Theo has 0 exposure to binance. Most backing lives offchain in gold and all onchain capital lives in a safe multisig with distributed signers and extremely strict policy-level controls.
Theo is hiring a VP of metals.
20k referral bonus if you know anyone who:
- has 6+ years of experience
- held previous roles at a bullion bank, trading house, or broker
- has a deep understanding of metal financing and trade
- is based in London, NYC, Switzerland, Singapore or Dubai
You’ll get a chance to work alongside me, @iggyioppe and @abhi_pingle to transform how the metals industry works, starting with metal financing.
DM to chat!
tk (metal arc) retweeted
if u r into Theo and cmg for Hypurrco Gathers tomorrow….
hmu when u r there, i got some cool theo merch
😼
there was 1 seat remaining on my flight to singapore and it was labeled “least preferable seat” on the seat map
if anyone knows a good massage spot in sg i’ll be needing it soon
We’re actively monitoring developments related to this. Theo currently has no exposure.
Following an investigation into an infrastructure compromise, MetaMask Staking (ex Consensys Staking) has taken precautionary steps to protect client assets related to its operated Ethereum validators.
These steps include exiting its Ethereum (ETH) validators in the Lido protocol, and will likely incur foregone rewards as well as possible downtime penalties should validators be taken offline in the near future to reduce risks related to potential network penalties. Relevant validators have begun the exit process, with the final validators expected to be exited (but not fully withdrawn) by the end of October 7th, 2026.
No action is required from stETH holders. ETH exited from MetaMask Staking-operated validators is expected to return to the protocol gradually as the relevant validators complete the exit, withdrawal, and re-entry cycle, which is estimated to take approximately up to 45 days due to the extended entry queue. As a reminder, staking operations are non-custodial in nature and MetaMask does not manage withdrawal keys for staking on behalf of clients.
As always, the Lido Protocol’s diverse Node Operator set and other security systems including the ad hoc reserve fund (of over 6,750 stETH), are designed to contain and mitigate disruptions to the normal operations of the protocol, in addition to other potential routes.
research.lido.fi/t/security-…
A full investigation is underway, and further updates will be shared as they become available. For further details, please refer to the MetaMask Staking release linked below.
![[Security Disclosure] MetaMask Staking Precautionary Out of Order Exits](https://pbs.twimg.com/card_img/2115590712527872000/zfjDweSP?format=png&name=420x420_2)
Never had a problem with wrangler but wow cf feels nice
cloudflare is building the most ergonomic platform for development with ai. it just works lol
is removing 4bps offramp fees more likely to attract toxic flow or long term banking clients 🤷♂️
Erebor Bank attracted crypto clients this year with a pitch -- the bank would convert their Circle and Tether stablecoins to cash for free.
Sophisticated crypto trading firms quickly figured out a way to make an easy profit out of the offer -- at a cost to Erebor.
Story with @MichaelRoddan
theinformation.com/articles/… 1/
tk (metal arc) retweeted
Theo cofounder @aripingle’s latest piece has been published to our blog.
It covers a century of gold leasing: the quiet engine behind the precious metals economy, and the foundation thUSD runs on.
tk (metal arc) retweeted
$4T. That's @StanChart's projection for tokenized assets by 2028.
From our work with @libeara_, SC's tokenization platform: tokenization is a foregone conclusion for most institutions.
Our focus is the second-order problem: building the tradable, liquid, global markets above them.
thUSD explained:
Spot Leg
We buy physical gold and lease it to reputable retailers based in grade-A jurisdictions like singapore and the US. Leases yield 2-4% depending on duration (between 1 to 12 months).
Hedge Leg
Then we hedge the gold to capture basis. Gold futures trade in contango (future above spot) so holding until near expiry allows you to earn the spread between spot and futures. Yields 3-5%.
The result is a yield-bearing stablecoin with ~6% apy, powered entirely by the gold markets.
Cloudflare seems to be having an outage and as a result, app.theo.xyz is currently down. Will keep people updated when we're back.
