Spout Finance Beta is officially live on @solana Testnet.
You can now buy tokenized US equities, borrow against them at 0% APR without selling, and put your stablecoins to work and earn yield.
The market had a busy week.
The push towards tokenized markets continued, with major financial institutions making new moves while the tokenized stock market crossed $3.90B in distributed value. DeFi lending also saw fresh developments, even as market volatility and economic
Excited to announce that @Ondo has invested in Spout.
Ondo Stocks will be live as collateral on Spout from day one. Borrow USDC against them on @Solana with no interest charged by Spout. Covered call premium on the underlying shares pays lenders instead.
Borrowing against stocks has always meant paying a rate. Here, it doesn't.
A new unlock for Ondo Stocks is coming.
Spout Finance will support Ondo Stocks as collateral on Solana, enabling:
→ USDC loans, no interest charged by Spout
→ Loans up to 50% of collateral value
→ Token-to-share conversion via Alpaca’s Instant Tokenization Network
What once