Ramon Recuero | 🦇🔊 Profile picture
Oct 2 15 tweets 4 min read Read on X
1/14 🪢 Introducing Musubi -- Chainless Swaps

Swap assets across Ethereum with your fingerprint without leaving your Kinto-insured wallet.

It unties the fragmented liquidity and unites Ethereum once again.
2/14 If you are building an L2 and replicating the same pools already available with worse liquidity, you are subtracting value from consumers and liquidity deployers to pump your bags.

We do not need another ETH-USDC pool.
3/14 🪢 Musubi aligns incentives across the ecosystem, promoting integration rather than liquidity fragmentation.

We find the liquidity, and you can swap it as if Ethereum was a single chain.

We’re doing our part to create a more cohesive and aligned ecosystem. Image
@KintoXYZ 4/14 🪢 Musubi (結び) is a knotting technique with a deeper meaning.

It is referred to as the power of creation, the interconnecting energy of the universe.

This concept directly influenced the Kinto brand and has been a pillar for us.
5/14 🔑 Key Features:

• First non-custodial chain-abstracted swaps.

• Unties fragmented liquidity to unite the Ethereum ecosystem.

• Assets remain insured in your Kinto wallet. Image
6/14 💡 Our solution:

Chain abstraction that works FOR users, not against them.

Musubi finds the best liquidity across chains, executes swaps, and returns assets to your Kinto wallet—non-custodial and seamless. Image
7/14 🔒 Security First:

Kinto's built-in identity layer eliminates bots and minimizes fraud.

Our custom wallet offers enterprise-grade security with wallet insurance.

Plus, it's powered by passkeys and account abstraction for a smooth UX. Image
8/14 💸 Benefits for Users:

• Reduced slippage

• Lower gas fees

• Access to best liquidity regardless of chain

• No need to understand complex bridging processes
9/14 🛠️ How it Works:

• Select swap details
• Sign to withdraw from Kinto
• Assets bridged to minimal contract on target chain
• Sign again to swap and bridge back to Kinto wallet

All in less than 60 seconds!
10/14 🤝 We've partnered with the best to make this happen:

• @socket_tech for chain abstraction

• @turnkey_hq for non-custodial wallets

• @dynamic_xyz for wallet abstraction

• @0xProject for multi-chain pricing
11/14 🔮 Musubi is just the beginning.

We're extending this to all DeFi primitives:

- Lending/Borrowing
- Perpetuals
- Real World Assets (RWA)

All with the same seamless, chain-abstracted experience.
12/14 🧵 The TLDR:

Untie fragmented liquidity, and you unite Ethereum.

That's what Musubi is all about.
13/14 👀 Want to see it in action?

Try Musubi here:

New to Kinto? Create an account for free in 5 mins.engen.kinto.xyz/swap
14/14 🤝 Join Us:

We're accelerating the transition to an on-chain financial system.

Our Mining Program Launch gives depositors up to 40% of the token supply.

The future of Ethereum is chain-less, and it starts with Musubi 🪢

medium.com/mamori-finance…
cc @SocketProtocol @turnkeyhq

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More from @ramonrecuero

Aug 31, 2022
1/ Babylon Finance is Shutting Down

Despite our efforts, we haven’t been able to revert the negative momentum caused by the Rari hack. 🐻 Market hasn't helped.

medium.com/babylon-financ…

🧵 TLDR below
2/ 💣 How the Rari hack affected us

- 6 gardens invested in Rari and lost 3.4M in the hack.
- TVL decreased from $30 to $4M.
- Fuse was abandoned. Our $10M lending market is gone.
- BABL decreased from $20 to $6.
- Team also lost months of runway.

medium.com/babylon-financ…
3/ This created enormous negative momentum magnified by the 🐻 market. It also evaporated our financing options:

- BABL couldn't be used as collateral to borrow because the Fuse pool was left broken.

- At the new BABL price, there were not enough tokens left to fundraise.
Read 26 tweets
Apr 21, 2022
1/ @0xAmplify just submitted a proposal to create an $APE garden for the @apecoin community.

Best Staking Proposal

🔥 Earn yield on $APE
⛽️ Deposit $APE gas-free
🛡️ Minimize taxable transactions
🌱 Earn $BABL
🦍 Stake your #NFT for extra rewards

Tentative Launch: Mid May 🧵 The APE Hideout image
2/ #BAYC has bootstrapped the top #NFT community in crypto. @yugalabs and @BoredApeYC represent the best example of what is possible when you get talented people together.

However it lacks a viable staking mechanic with real utility. See:

3/

A partnership with @BabylonFinance can provide a supercharged token mechanic for $APE today.

This mechanic actually generates value and yield from staked $APE coins.

See how 👇
Read 20 tweets
Apr 13, 2022
1/12 ⛲ The Fountain of ETH is the #1 place to deposit your $ETH.

Grow your ETH gas-free 🤯

Current APY: 40%*
Target APY: 15%*

🧵 on why other alternatives don't come even close Image
2/ Making mainnet great again

First of all, you can deposit WETH on mainnet gasfree 🤯

You only need to approve WETH and then sign.

At @BabylonFinance, we have worked really hard to make this happen:

medium.com/babylon-financ…
3/ 🛡️ Tax Consolidation

The fountain of ETH may perform dozens of DeFi operations on your behalf but you may consolidate all of them into just one taxable tx, the withdrawal.

*Babylon Finance does not provide tax or legal advice. Consult with your tax professional.
Read 14 tweets
Jan 26, 2022
1/🫀The heart of Babylon 🫀

@BabylonFinance is releasing a staking mechanic for all BABL holders.

🤯 10 + 1 token mechanics.

Follow along to see how deep the 🐇 hole goes... The Heart of Babylon. Welco...
2/ 🫀The Heart of Babylon is a garden that will receive BABL as deposits and will give depositors hBABL.

The heart will receive capital from protocol fees and BABL from stakers.

Estimated APR: ~200% + potential BABL upside

BABL Circulating supply: ~55K
BABL Market Cap: ~2.5M
3/
We are dogfooding our Garden technology to showcase how flexible and powerful Babylon is.

🌴 Gardens are investment clubs where you can actually invest in DeFi together.

hBABL is a super garden token with 11 token mechanics

Read 17 tweets
Feb 17, 2021
1/11) Introducing Babylon.finance.

We are building a new #DeFi asset management protocol.

Ccommunity owned and community managed funds.

DeFi meets Wall Street Bets.

It's time to decentralize and democratize investment

medium.com/babylon-financ…

TLDR 👇
2/11)

The investment landscape has changed forever.

We are finally at zero interest rates. End of the road.

Traditional asset classes like bonds or equities don't have risk/adjusted positive outlooks anymore.

Inflation looms 💸💸

What can we do about it?
3/11

As @RaoulGMI says, only one asset class has outperformed this increase in the money supply.

#Bitcoin, and crypto assets are just getting started.

Asset Management TAM is > $100T while DeFi is just $40B and all crypto is ~$1T.

Huge opportunity ahead 🚀🚀
Read 11 tweets

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