Co-Founder @PikuFinance @BiLira_Kripto | Ex @Consensys @Wharton
Joined September 2015
- Tweets449
- Following2.5K
- Followers1.8K
- Likes2K
Sinan Koc retweeted
@MoriniCapital is bringing enhanced transparency to all its vaults on Piku Finance. The CarryTradeUSDTRYLeverage attestation dashboard is now live: 104.8% collateralization, verified onchain.
Leading the way in transparency.
View the attestation report ↓
piku.vlayer.xyz/dashboard/Ca…
We have collaborated with @vlayer_xyz to implement a cutting-edge attestation process, thereby enhancing the transparency of the BasisTrade @MidasRWA whitelabel vault.
The 101.0% collateralization percentage indicates that the strategy holds a greater number of assets in its backing compared to on-chain deposits, ensuring its full collateralization.
At Piku, we are pioneering the realm of RWAs.
View the attestation report ↓
piku.vlayer.xyz/dashboard/Ba…
Sinan Koc retweeted
The current top ten returns of low-volatility vaults:
1. @atoma_fi cross perp DEX funding arb
2. @hyperithm aHYPER loop
3. @Spiko_finance EU t-bills tokenised money market fund (against the US Dollar, which is down bad)
4. @MoriniCapital Turkish Lira carry
5. @NEMOtradingHQ multistrategy
6. @YuzuMoneyX protection pool
7. @Lighter_xyz LLP market maker (needs staked LIT)
8. Fire Liquidity Provider by @KappaLab_io on @hibachi_xyz
9. Sandbox by @digiassetfund - provides USDC-denominated exposure on Lighter LLP (#7 on this list) without needing to buy and stake LIT yourself
10. @AxisFDN Origin Staked USDX - centralised crypto exchange arbitrage
tradingstrategy.ai/vaults?vo…
Sinan Koc retweeted
Been talking quite a lot bout @PikuFinance for the past several days...
> So, just an update n proof that I finally made deposit into Morini Vault via @turtledotxyz 🐢
> Just putting my money where my mouth is, nothing more
> $5k showing $200 a month / 49% APY
DYOR / NFA 🤝
> app.turtle.xyz/discover/mori…
So far so gud!
> @PikuFinance farm via @pendle_fi seem to be very profitable
> Today's the third day tbh:
- YT position sitting in profit for now / ≈$17 in yield
- Accumulated 1k rewards in $PIKU / at very modest $80m FDV that's slightly $80 for 3 days!
- Coming up with deposit into Morini Capital via @turtledotxyz
Sinan Koc retweeted
Turtle is integrating @PikuFinance's StockMarketTRBasisTrade Vault: deposit USDC on Ethereum.
Runs on @MidasRWA infrastructure:
• ~15% net USD target
• ~7.6% in PIKU, plus a Turtle-exclusive multiplier
Sinan Koc retweeted
USDC lending against regulated Emerging Market strategies 🇹🇷
app.morpho.org/ethereum/vaul…
Turkey’s high-rate environment creates opportunities across equity basis, FX carry and cross-market arbitrage.
The vaults do not invest USDC directly into these strategies.
They provide over-collateralized USDC credit to borrowers posting these strategy assets as collateral.
Three markets. Different collateral. Different risk.
A breakdown ↓
Tranching creates opportunities for different risk appetites, excited to work with @roycoprotocol
Sinan Koc retweeted
Morini StockMarketTRBasisTrade is now live on @roycoprotocol
You can now deposit into the senior and junior tranches of the Morini StockMarketTRBasisTrade strategy.
Delta-neutral.
Regulated.
RWA.
Deposit: royco.org/market/1/0x48fe2f6…
Sinan Koc retweeted
Morini Capital's FX Arbitrage Vault is live on YieldApp.
@PikuFinance's @MoriniCapital is launching a delta-neutral FX arbitrage vault on Ethereum, with the underlying NAV continuously computed and verified onchain through Accountable's Data Verification Network.
Sinan Koc retweeted
Midas' Vault OS, our white-label infrastructure for issuing and operating onchain vaults, now powers vaults on @PikuFinance.
Today, Piku Finance launches three new tokenized vaults, all issued by @MoriniCapital on Ethereum.
Each provides on-chain access to a different regulated yield strategy:
• Morini aFXArbUSDTRY provides tokenized access to Balsa Market Making Fund (BMMF), a delta-neutral market-making fund in the Turkish crypto market.
• Morini StockMarketTRBasisTrade provides access to a regulated Delta-Neutral Basis Trade arbitrage strategy on Borsa Istanbul equities.
• Morini CarryTradeUSDTRYLeverage provides access to a regulated Turkish Lira leveraged carry trade strategy.
This is the most material product expansion since USP. 🧵
Sinan Koc retweeted
I think Turkey has some of the most interesting high-yield opportunities rn, but the problem is that we don't really have a good way to access them.
About a month ago, Proposal 34 on @SnapshotLabs helped move Piku’s public positioning from PikuDAO / USP into @PikuFinance, which is a more professional FX Yield Terminal.
Now, Piku is launching 3 new vault products, all issued by Morini Capital:
→ Morini aFXArbUSDTRY
A standalone vault for the main strategy behind USP, focused on Turkish FX arbitrage.
→ Morini CarryTradeUSDTRYLeverage
The higher-risk TRY carry vault. More upside potential, but also real FX + leverage risk.
→ Morini StockMarketTRBasisTrade
A delta-neutral vault for Turkish equity arbitrage. It’s USD-hedged and built to act as the diversifier.
I think the interesting part here is that Piku/Morini turns access to these off-chain Turkish strategies into ERC-20 vault tokens.
So instead of needing traditional fund access, local market setup, or direct relationships with Turkish operators, you can get the exposure packaged into a vault token that you can hold in your wallet.
NGL, I think this gives people way more choice compared to most generic stablecoin/vault products.
🤝 Paid partnership
Today, Piku Finance launches three new tokenized vaults, all issued by @MoriniCapital on Ethereum.
Each provides on-chain access to a different regulated yield strategy:
• Morini aFXArbUSDTRY provides tokenized access to Balsa Market Making Fund (BMMF), a delta-neutral market-making fund in the Turkish crypto market.
• Morini StockMarketTRBasisTrade provides access to a regulated Delta-Neutral Basis Trade arbitrage strategy on Borsa Istanbul equities.
• Morini CarryTradeUSDTRYLeverage provides access to a regulated Turkish Lira leveraged carry trade strategy.
This is the most material product expansion since USP. 🧵
Launching new FX related delta neutral vaults!
Today, Piku Finance launches three new tokenized vaults, all issued by @MoriniCapital on Ethereum.
Each provides on-chain access to a different regulated yield strategy:
• Morini aFXArbUSDTRY provides tokenized access to Balsa Market Making Fund (BMMF), a delta-neutral market-making fund in the Turkish crypto market.
• Morini StockMarketTRBasisTrade provides access to a regulated Delta-Neutral Basis Trade arbitrage strategy on Borsa Istanbul equities.
• Morini CarryTradeUSDTRYLeverage provides access to a regulated Turkish Lira leveraged carry trade strategy.
This is the most material product expansion since USP. 🧵
Real Time Verification
USP's biggest backing strategy is now fully verifiable in real time.
@BalsaFinance (BMMF) just launched a live Proof of Solvency Dashboard:
✓ Reserves
✓ Collateralization
✓ Supply
Built on @base with @Accountabledata's Data Verification Network
Learn more about BMMF: piku.co/blog/what-is-bmmf
Don't trust. Verify ⤵️
Sinan Koc retweeted
Universal HIGH INCOME via checks issued by the Federal government is the best way to deal with unemployment caused by AI.
AI/robotics will produce goods & services far in excess of the increase in the money supply, so there will not be inflation.
The future of vaults
Human-curated DeFi strategies don’t scale.
The next phase is programmable, risk-aware allocation at machine speed.
New piece from Sentora co-founder Jesus Rodriguez👇 xitter.cf/jrdothoughts/status/20…
Sinan Koc retweeted
The loop: mint USP, supply as collateral on Morpho, borrow USDC, mint more USP. Yield on yield.
Leveraged exposure to USP's native yield without unwinding. Borrow against a yield-bearing position, redeploy, compound.
Alpha USDC Forex V2. Curated with our friends at @piku_dao.
Why settle for 16.02% All-time APY when you can loop it? ➿
The USP Piku Looping strategy:
01. Mint USP → capture 16.02% APY + $PIKU rewards
02. Supply as collateral on Morpho → borrow USDC
03. Mint more USP → stack another layer of yield
04. Repeat.
Yield on yield on yield. ♾
Try: app.morpho.org/ethereum/vaul…
Sinan Koc retweeted
You can earn a solid yield just by parking stablecoins.
But not all of them are built the same.
Top 10 stablecoin yield picks by APY (last 30 days, February data):
1. @UnitasLabs sUSDu: 12.13%
Yield from delta hedging a JLP position. $64M TVL.
2. @gaib_ai sAID: 11.56%
Yield from staked $AID. $15.78M TVL.
3. @MidasRWA mF-ONE: 11.18%
Yield from offchain strategies. $104.84M TVL.
4. @LiquityProtocol sBOLD: 10.54%
Yield from protocol revenues + liquidation proceeds. $9.04M TVL.
5. @piku_dao USP: 10.28%
Yield from onchain + offchain assets. $14.65M TVL.
6. @Main_St_Finance msY: 10.24%
Delta-neutral options strategy on the CME. $24.52M TVL.
7. @perena USD*: 9.69%
Yield from delta-neutral strategies. $23.58M TVL.
8. @Neutrl sNUSD: 9.52%
Yield-bearing assets + delta-neutral strategies. $167.94M TVL.
9. @avantprotocol savUSD: 8.18%
Yield from manual strategies. $87.41M TVL.
10. @YuzuMoneyX syzUSD: 8.07%
Yield from various DeFi strategies. $61.36M TVL.
Sinan Koc retweeted
Stablecoin issuers like @piku_dao are routing their backing through multi-strategy vaults.
Parking reserves in one lending market means yield compresses when everyone else's does. Blending onchain and OTC strategies spreads that across uncorrelated sources.
earnAUSD: 7.5% APY, $70M TVL, 4 months.
Backing Update: Upshift earnAUSD
5% of USP Piku backing deployed to Upshift earnAUSD.
Optimization continues🎯
ALT The primary goal of PikuDAO is to create a stablecoin that maintains its purchasing power that also generates yield for its holders. This is achieved through a backing model that includes arbitrage strategies, carry trades, on-chain yield and RWAs. The goal is to hedge against the excessive money printing by governments, which dilutes the value of fiat currencies. By simplifying access to complex strategies and yields, PikuDAO is offering USP, a yield-optimized stablecoin.
Sinan Koc retweeted
Nearly $3M deployed in Alpha USDC Forex V2.
USP proving out as productive collateral on @Morpho, borrowers maintaining yield-bearing positions while accessing liquidity.
Strong week-one adoption for FX-focused credit deployment.
Transparent execution with structured frameworks.
Live with @piku_dao.
Borrow against your position while it continues to appreciate.
Total Deposit: $2.93M on @Morpho!
Powered by @0xAlphaping.
Mint USP Piku - Supply - Borrow - Mint USP Piku
(Repeat)
ALT USP is a yield optimized stablecoin that stands at the intersection of innovation and inclusivity in the DeFi space. At its core, Piku is managed by a decentralized autonomous organization(DAO) PikuDAO, ensuring that it remains truly community-driven and accessible to anyone with an internet connection. The DAO plays a pivotal role in the governance of Piku, as it empowers its members to vote on crucial aspects of the project, including USP backing and Piku Platform parameters.
USP Piku is live on Morpho with AlphaPing! USP Piku is backed by FX Arb Strategies and now it can be looped for extra yield!
Alpha USDC Forex V2 is live on @Morpho with @piku_dao!
Overcollateralized credit deployment focused on FX-related strategies: institutional liquidity, cross-currency funding, and market-neutral arbitrage.
app.morpho.org/ethereum/vaul…
