Giancarlo and Draper Dragon Back Spout's Interest-Free Borrowing Against Tokenized Stocks
- —$2M round announced October 13, backed by Draper Dragon, Anchorage Digital and Flow Traders
- —Borrowers draw USDC against up to 50% of tokenized stock collateral with no interest
- —Lender yield comes from weekly covered-call premiums written on pooled collateral
- —Beta runs on Solana devnet; private beta and mainnet launch still ahead
Why it matters: The model could give tokenized-equity holders liquidity without selling, versus 12%+ margin rates at brokers.
Source: Coinpedia