Research and commentary on stablecoin yield, EU lending, and the regulatory landscape.
Plain-language deep-dives into the inputs behind Northvault's product. Methodology, risk, and the moving parts of the European lending market.
How the European mid-market borrowing landscape produces sustainable mid-teens APRs, and how we get from there to the rate we pay depositors.
A walk through the originator-skin-in-the-game model, the 60-day delinquency threshold, and what happens in the rare scenarios where buyback fails.
Reserves, redemption mechanics, and the historical depeg incidents that shaped how we think about stablecoin exposure.
Why Northvault is built for the EU, what MiCA changes for stablecoin yield products, and the regulatory perimeter we operate within.
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