> @NUVAFinance just announced their flaghship vault, HOME and I didnt expect the first real mortgage vault in defi to be this simple to use you can basically deposit money on ETH with any wallet you want and all these loans are originated by Figure which is Nasdaq listed and managed by Figure Investment Advisors LLC which is an SEC-registered investment adviser, fixed policy rate targeting about 7% for the month most interesting thing here is first-loss buffer, basically it absorbs portfolio losses before they reach to you aka vault holders NUVA seeded it at launch, and it grows over time from the residual income, the loan yield, minus the rate paid to holders, minus NUVA’s 50bps fee, flows into the buffer soo the longer the vault runs well the thicker the protection gets also its actually transparent defi cus you can check their page to see the actual loans backing the vault really interesthing things going on with NUVA, i would keep an eye on them