Gnosis (GNO)

Stablecoin supply almost doubled in two years to ~$280B

→ @Plasma shipped a banking app June 17 paying 10%+ yield

→ @superform_xyz now calls itself a "user-owned neobank"

→ @gnosischain got drained June 1 and paid every user back

The bank branch is quietly being taken apart and rebuilt in smart contracts.

Ride with me 🧵👇

Almost every neobank you've heard of is a pretty app renting someone else's banking license.

Monzo, Chime, SoFi. Slick front ends. Borrowed plumbing behind the screen.

The onchain crowd wants to flip that. Make the infrastructure the product, hand custody back to the user, let yield come from contracts instead of a bank sitting on your deposit.

Five protocols, five very different bets.

➠ SUPERFORM

@superformxyz pitches itself as the first user-owned neobank. A normal bank takes your deposit, lends it out, keeps the spread. Superform hands that spread back to you.

The engine is SuperVaults. Non-custodial vaults that move your capital across 1,000+ strategies on Aave, Morpho, Pendle