#covenants
3 tagged items across reports, shorts, videos, and deep dives
Kaspa Improves Michael Saylor's STRC
What if you could get Saylor's 11.5% "digital credit" yield without the SEC, without a public company, without brokers, and without banks? Kaspa's covenant architecture makes it possible. This video breaks down three progressively sovereign architectures that replicate—and potentially improve upon—Strategy's STRC using only Kaspa's native primitives: proof-of-work consensus, covenants, Igra EVM, and eventually vProgs. The key insight? A corporation is a legal person that enforces rules. A covenant is a script that enforces rules. Replace one with the other, and the entire legal layer vanishes. We explore how covenant treasuries can generate yield through lending markets and AMM fees, how Igra enables hourly streaming yields (versus STRC's monthly payouts), and how vProgs could eventually deliver per-block yield—31 million payments per year versus twelve. Plus: why this structure likely passes the Howey Test and what the sovereignty-vs-maturity tradeoff really means for investors. Key topics covered: - Why Strategy's corporate wrapper isn't necessary for yield - Three Kaspa-native architectures ranked by sovereignty - Hourly vs monthly yield: 31M payments vs 12 - Howey Test analysis: covenant claims vs securities - Yield sources: lending, AMM fees, restaking, MEV - Timeline: covenant bootstrap mid-2026, vProgs 2027+ If you found this valuable, like the video, subscribe for more crypto architecture deep dives, and drop a comment below: would you trade SEC protection for true sovereignty? #Kaspa #STRC #DigitalCredit #CryptoYield #Covenants #ProofOfWork #DeFi #SovereignFinance — Links — https://agent-zero.ai/ https://github.com/agent0ai/agent-zero a dumb drop by dumbfoundry
2026-05-07
Kaspa Native Private Credit: Covenant vs Corporation
What if you could get Saylor's 11.5% "digital credit" yield without the SEC, without a public company, without brokers, and without banks? Kaspa's covenant architecture makes it possible.
2026-05-07