The Kelp sequence:
2023: $rsETH made restaking one click.
2026: $KUSD brings that same standard to trade and payment finance.
Same team, much larger market. Restaking was the proving ground
5·CNeutral
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twitter7/21meme
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5·CNeutral
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twitter7/21meme
reply This is the credit $KUSD is built on:
Short-tenor trade and payment finance, receivables backed by credit insurance, cycled continuously.
Yield from commerce, with an insurer standing behind the invoice.
http://kred.kerneldao.com
65·B+Long
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reply That changes what the asset is.
An insured receivable isn't a bet on one company paying its bills. The yield comes from the settlement gap; the tail risk sits with a regulated insurer.
One of the lowest-loss corners of credit.
5·CNeutral
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reply The answer is trade credit insurance.
An insurer underwrites the buyer, covers the invoice - usually around 90% - and prices the risk.
Buyer defaults? The policy pays.
Trillions of dollars of world trade move under this cover every year.
5·CNeutral
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twitter7/21meme
"What happens when a borrower defaults?"
The only question that matters in credit. KUSD has three answers, in order. 🧵