AMA Answers 1⁄2

Recap of the Telegram AMA with Minterest CEO, Kyn Chaturvedi

Host 🎙️ Fundamental some would say!

I am going to link the article for those who would like to read about it

minterest.com/blog/navigating-toward-product-market-fit

Along with a follow up AMA that Kyn did to add further clarity and answer community questions

minterest.com/blog/ama-recap-product-market-fit

Kyn, after the March PMF update, the obvious question has been what that means in practice…

Can you share the work of the last several months?

Kyn 👤 Sure.

Attracting TVL is harder than it used to be. Incentives alone no longer work. Capital moves quickly and chases short term yield.

We looked at why people supply liquidity and where future inflows can come from in a durable way. The direction had to combine on chain opportunity with real utility that is hard to copy.

That led to three focus areas, each tied to a real source of liquidity in the ecosystem.

  1. New chain alignment A primary lending protocol on a network brings sticky liquidity because its success ties to the chain’s ecosystem. Chain treasuries and users tend to trust and use it, building TVL organically.

  2. Stablecoin Yield Stablecoins are the strongest blockchain use case. Market cap continues to grow and is projected in the trillions of dollars by the end of the decade. Yet, yield on stables is still fragmented and underused because of UX complexity. So we set out to explore options around simplifying access to stablecoin yield and to channel that liquidity back to Minterest.

  3. Enterprise and real world assets (i.e. RWAs) New classes of tokenised assets are emerging, from real estate and credit markets to trade finance and treasury bills. Regulators are opening sandboxes across a number of jurisdictions and enterprises are more open to public blockchains. Projects that combine technology and relationships can onboard significant sticky liquidity with defensible moats.

Host 🎙️ TY Kyn

So can you share specific work tied to these focus areas?

Kyn 👤 Yup. We have some stuff to share for sure

Aligning with the above three focus areas

  1. New chain alignments We have spoken with dozens of networks about deployments and liquidity alignment. The challenge is many still lack differentiation to attract sustained liquidity. Rather than expand to them for the sake of it, we shifted to collaborate directly with new yield bearing stablecoin issuers to evaluate co launches on emerging chains. For context, there are dozens of quality stablecoin equivalents that are seeking liquidity and usecases, similar to Ethena's USDe for those familiar This approach is still a work in progress and aims to pair ecosystem support with native stablecoin demand from day one. And for anyone wondering why stablecoins matter so much, they are what most users borrow, and therefore generate the majority of fees for lending protocols like Minterest. So the key for a successful lending protocol when it comes to borrowed TVL is always stables

  2. Pilot: AI optimised stablecoin yield aggregator — YieldUp I’m actually really proud to finally share with the community that we have been building a stablecoin yield aggregator called YieldUp. The goal is simple 👉 Make it easy to find and access the best on chain stablecoin yields. What you see here is a Figma screen shot of a working prototype. (Not a finished product) It detects idle stablecoins in a wallet, suggests current yield opportunities for assets like USDT, USDC, and DAI across various chains, and allows deposits with just a few clicks. Withdrawals can be done at any time. Behind the scenes, YieldUp aggregates yields across multiple lending protocols, including Minterest, and can rebalance for risk adjusted yield by its use of customised AI agents The long term intent is to direct more liquidity toward Minterest through this front door. This solves a real pain point. Stablecoin yields are fragmented and onboarding is complex, which is a key reason why only 10% of stables enter DeFi today. We want that number to eclipse 50%, and it will as an industry YieldUp Tracker While the main app is still in development we launched a simple tracker that lists and organises top yields. We think of it as a public good for the Web3 space. On it, users can create custom trackers for their own personal dashboard as well just by signing up with email/Google Auth. The feeds are still a little buggy since the data is currently being streamed in from Defillama which appears to be inaccurate at times. We will be changing that later. That said you can see it and try out the tracker at yieldup.ai We decided against real polish until later. The key point is to deploy an MVP of an app that can work as we intend for it to. So please forgive the lack of bells and whistles on everything shared within the screenshots

  3. Pilot: Credit Marketplace Finally, we are prototyping an on chain credit marketplace. For context. The team spent quite some time in Brazil this year. The country is a leading exporter of corn, beef, sugarcane, ethanol, and other staples, and has a strong push into clean energy. Primary industries are agriculture and energy. We are building an early proof of concept with a Brazilian energy company exploring tokenised credit for business expansion. The idea is that enterprises issue short term credit instruments that accredited lenders can fund directly, transparently, and on chain, with verifiable data. Fixed loan yield is paid by the enterprise while idle liquidity (not currently active in a particular loan) would be directed to DeFi yield sources such as Minterest or YieldUp. Use cases extend to infrastructure and agriculture where there are real revenues and measurable performance. This is a framework for enterprise access to capital while giving DeFi users exposure to yield backed by tangible activity. Success here creates a moat based on relationships and compliance, not only code, and can be extended to other regions and industries.

Host 🎙️ TY Kyn! A comprehensive update.

These two products, YieldUp and the Credit Marketplace…

Its important emphasize something here, Kyn.

They represent very different paths to the same goal, to attract sustainable, non-speculative liquidity to Minterest…

Kyn 👤 Yeah that's true.

YieldUp simplifies DeFi yield for everyday users.

The Credit Marketplace connects enterprises that need capital with institutional on chain lenders.

Either (or both) can strengthen the foundation for the long term.

Just to be clear, both projects are early stage prototypes, and not officially commissioned/done deals. It is important to note that. Particularly around enterprise the business cycle can take quite some time to wrap

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