Cash is FLOWING this week. SPACs brought in $1.16B in the last two days. The buyers of these deals are professional funds that want their money back. plus an upside option. Semi-redeemable deals deliver this same value proposition with lower cost to buyers From SPAC Research

"Vaults are set to become the main gateway to DeFi for institutions". The linked forecast from Bitwise says "Onchain vaults with double in AUM". That would go from $6B to $12B on their chart - an underestimate if vaults really are the gateway for institutional money.

VAULT BULL MEGA THESIS

This is how a Stak Flying ICO works

Stak semi-redeemables fit this multi-strategy model. We work with top managers and entrepreneurs for each strategy: - The "redeemable" liquid and low-risk allocation goes to a vault from a USD manager like Gauntlet - The "vested" high-return allocation goes to an entrepreneurial

TAKE IT TO 11 Stak vault tokens start at $10 - like a SPAC. When the token gets to $11, it hits the 10% hurdle rate of professional SPAC IPO buyers and many other investors that want money back plus an upside option. youtube.com/watch?v=4xgx4k…

Convertibles fly past $166B in 2025. Good sign for Flying ICO sales in 2026 From Bloomberg: ‘For Ivan Nikolov, head of convertible bonds at Switzerland’s Fisch Asset Management AG, it was a “banner year for the asset class, both for issuance volumes and performance. And we have

This is why we have vaults

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