Learn
Explainers on stablecoin treasury yield and niche private credit onchain, from O2O Research.
Stablecoin treasury yield
What stablecoin treasury yield is, where it comes from, how the main sources compare and how a treasury chooses among them.
Stablecoin yield sources compared
Tokenized Treasury funds, onchain lending, private credit vaults and reward programs compared: what pays the yield, liquidity, correlation and the main risks.
How to evaluate a yield vault
An eight-point checklist for evaluating a stablecoin yield vault, with worked examples from the O2O Vault Brief, red flags and questions to ask a curator.
How a DAO treasury can earn yield on stablecoins
How DAO treasuries split stablecoins into runway, reserve and longer-term buckets, which yield sources fit each, and the limits and reporting governance sets.
Niche private credit onchain
What niche private credit is, how trade receivables, royalties and aircraft leases reach onchain investors through a fund or vault, and the main risks.
What is tokenized private credit?
How tokenized private credit works, the main structures, how it is valued and redeemed, its use as DeFi collateral and its risks.
How does trade receivables financing work?
How trade receivables financing works, its main forms, how often trade finance loans default, how a receivables portfolio sits in a vault, and its risks.
How can banks and specialist lenders access onchain capital?
How banks and specialist lenders can fund short-duration loans with stablecoin capital through a fund or vault: the buyers, the process, reporting and risks.
What is a NAV-priced vault token?
How a vault token priced at a fund's net asset value works: who calculates NAV, how it reaches the chain, how deposits and redemptions settle, and the risks.
What is ERC-7540?
ERC-7540 explained: the asynchronous request lifecycle, how it extends ERC-4626, how it relates to ERC-7575, and why real-world asset vaults use it.