A Note From the SHRED Team After a great deal of consideration, we have made the difficult decision to wind down SHRED. When we set out, we made a promise to you: stablecoin yield that was real, transparent, and sustainable. Then the market changed. Funding rates compressed and stayed that way longer than we could have forecast. The strategy behind our target yield could no longer generate it without taking on more risk than we were willing to pass on to depositors. We researched alternative strategies, but each introduced risks and structural exposures that did not meet the standard we had set for ourselves or our community. Ultimately, the choice was clear. We chose not to launch a product that could no longer deliver what it was designed to deliver. We would rather not launch than ship something that under delivers or puts user capital at risk to defend a headline number. Because SHRED never officially launched, no community funds were deposited, so no action is required. To everyone who joined our community, shared our research, and pushed our thinking forward: thank you. Your trust shaped how we built and how we are closing. SHRED is ending, but our team is not leaving the industry. We have navigated multiple cycles before, and the standards that guided this decision will carry into what we work on next. Thank you for believing in us and supporting our vision of real, stable yield for everyone. The SHRED Team

This industry is going to 50 trillion and then 100 trillion, despite being 3 trillion today. The sheer scale of the traditional asset markets is unfathomable to most digital asset investors. Most don't have the patience or foresight to even see it. Good thing that you do 🫡

The next phase of the crypto industry is going to blow everyones initial expectations out of the water. It just doesn't feel like it right now... But the truth is, it never does until it happens.

We are currently building out the infrastructure to support additional strategies to generate yield that are performing well in this environment. This includes strategies like the funding rate arbitrage on RWAs (i.e. tokenized gold) and structured credit yield capture. Our belief is that a blended mix of these strategies should get our depositors to a target yield of 10-15% on their stables.

Yessir. And when this happens, you'll be able to earn attractive risk-adjusted rates on ALL major digital currencies: - USD - EUR - GBP - JPY - RNB - CHF - AUD - CHF

In a bull market, sitting in stables earning yield is a massive opportunity cost relative to price appreciation. In a bear market, sitting in stables earning yield is not only growing purchasing power, but you'll get a better entry, which amplifies future price appreciation.

When in doubt, zoom out.

There's no "wash trading" rule in crypto. Meaning you could sell your crypto and buy it back instantly to realize a "capital loss" for tax purposes. This is because crypto is treated as "property" under tax law. Something to think about strategically while prices are down bad.

Don't miss the forest for the trees. Zoom out anon 👁️🌐

The verticals you probably want to be paying close attention to right now: - Hyperliquid - Crypto x AI - Stablecoins + yield protocols - RWA/tokenization - Revenue tokens (i.e. buybacks) If we are in the early stages of the next bull market, it may look different than the last.

We will offer "tap to earn" yield on stablecoins.

Those of you who still here on CT reading these posts... are absolute lunatics. Which is how we know you're one of the "lucky" ones who are GMI.