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Our team spent the past 6 months talking to hedge funds and institutions about the $ERN stablecoin. In that time, we’ve learned about their mandates, their LPs, and their thoughts about the industry. We’ve grown more bullish than ever on DeFi. Here are 10 things we’ve learned: 1. Delta neutral DeFi yield funds are looking for approximately double the risk-free rate. 2. There is endless demand for high-yielding stablecoins! 3. Professional money managers do not like idle capital (this one makes @EthosReserve an easy sell). 4. The best way to get cheap liquidity is by onboarding illiquid treasury collateral. This is a key part of the market making business. 5. A $1.03 stablecoin unfortunately carries too much downside risk to meet stable fund mandates. 😭 6. There are a lot of funds that left in 2022 for traditional money markets that are still waiting for better opportunities in DeFi. 7. Older or Bitcoin-centric fund managers are afraid of smart contracts ← this is a problem! 👻 8. Several of the fund managers we talked to have thought of making a protocol like @EthosReserve before. Idle capital haters unite! 9. A lot of the DeFi funds still operating today have been successful by teaming up with trustworthy teams to design products. 🤔 10. Everyone loves a good handshake deal! We designed @EthosReserve V2 to perfectly suit the needs of DeFi funds, to help them improve outcomes for their LPs and lower their overall portfolio risk. The invention of OATH Chapters, the addition of $wstETH, and the focus on security with @chainalysis and @code4rena will all help our team make $ERN the perfect place to park your funds long-term. Want to learn more? Visit ethos.finance to get started!