Where does the yield come from?Let’s answer the universal question first. Pinto is a low volatility money protocol designed to adapt to changes in demand by creating incentives that adjust its supply. When the supply of the Pinto token grows, new Pinto is distributed to participants. This is often referred to as seignorage. The Supply of Pinto grows when Pinto trades above its value target of $1. This occurs when demand for Pinto is greater than the supply of Pinto. 97% of newly minted Pinto ...

Where does the yield come from?Let’s answer the universal question first. Pinto is a low volatility money protocol designed to adapt to changes in demand by creating incentives that adjust its supply. When the supply of the Pinto token grows, new Pinto is distributed to participants. This is often referred to as seignorage. The Supply of Pinto grows when Pinto trades above its value target of $1. This occurs when demand for Pinto is greater than the supply of Pinto. 97% of newly minted Pinto ...

There are 5 days left in Q1, and it’s time to face the music: I have utterly failed to reach my Q1 goals. On one hand, there is not much to say. We set the bar quite high and I fell well short. This is nothing to celebrate. On another hand, however, what transpired is beautiful, informative and inspiring. In theory, with a second growth cycle from Pinto, it should be relatively easy to reach these goals. Given that Beanstalk went through its second major growth cycle within 4 months of deploy...

There are 5 days left in Q1, and it’s time to face the music: I have utterly failed to reach my Q1 goals. On one hand, there is not much to say. We set the bar quite high and I fell well short. This is nothing to celebrate. On another hand, however, what transpired is beautiful, informative and inspiring. In theory, with a second growth cycle from Pinto, it should be relatively easy to reach these goals. Given that Beanstalk went through its second major growth cycle within 4 months of deploy...

Prerequisites:To understand this article, you should be familiar with how the Silo works and its related terminology. See this article for reference: Tour of the Farm: Understanding the Silo or Visit the docsKey Terms RefreshLP tokens: Tokens representing a user's liquidity position in a Pinto Exchange pool, known as a Well.Stalk: An asset linked to Silo Deposits that represents a user’s proportional share of future Silo yield.Seeds: An asset linked to Silo Deposits that determines how q...

Prerequisites:To understand this article, you should be familiar with how the Silo works and its related terminology. See this article for reference: Tour of the Farm: Understanding the Silo or Visit the docsKey Terms RefreshLP tokens: Tokens representing a user's liquidity position in a Pinto Exchange pool, known as a Well.Stalk: An asset linked to Silo Deposits that represents a user’s proportional share of future Silo yield.Seeds: An asset linked to Silo Deposits that determines how q...

Pinto is paving the way for trustless execution at scale. Transacting in the EVM has historically been complex and time-consuming for most users. Only the small subset with the technical skills and resources to code smart contracts and spin up servers can execute sophisticated strategies at speed and scale. Despite attempts to broaden access to automated strategies through open-source solutions, the cost of operating personal bots remains prohibitively high for average users. Furthermore, bot...

Pinto is paving the way for trustless execution at scale. Transacting in the EVM has historically been complex and time-consuming for most users. Only the small subset with the technical skills and resources to code smart contracts and spin up servers can execute sophisticated strategies at speed and scale. Despite attempts to broaden access to automated strategies through open-source solutions, the cost of operating personal bots remains prohibitively high for average users. Furthermore, bot...

Living through a financial crisis showed me the underbelly of a centralized fiat currency system. I'm building a decentralized one. I was on vacation with my family when the government, with help from the European Central Bank, imposed capital controls, restricting cash withdrawals, international transfers, and banking transactions to prevent a financial collapse. We were forced to return back home since my father was afraid of losing his job. The home we returned to was unrecognizable. ...

Living through a financial crisis showed me the underbelly of a centralized fiat currency system. I'm building a decentralized one. I was on vacation with my family when the government, with help from the European Central Bank, imposed capital controls, restricting cash withdrawals, international transfers, and banking transactions to prevent a financial collapse. We were forced to return back home since my father was afraid of losing his job. The home we returned to was unrecognizable. ...

I use data analytics to guide the Pinto experiment and have fun doing it. The year was 2022. Someone close introduced me to a “decentralized credit-based stablecoin protocol on Ethereum.” At the time, I did not know what any of these words meant, but the person described the Beanstalk project to me with great passion and excitement, having a strong confidence in the fundamentals of its economic model. Plus, I saw the field was offering a 50x return, so I was enticed to participate. Initially ...

I use data analytics to guide the Pinto experiment and have fun doing it. The year was 2022. Someone close introduced me to a “decentralized credit-based stablecoin protocol on Ethereum.” At the time, I did not know what any of these words meant, but the person described the Beanstalk project to me with great passion and excitement, having a strong confidence in the fundamentals of its economic model. Plus, I saw the field was offering a 50x return, so I was enticed to participate. Initially ...

Before reading this article, it will be advantageous to have an understanding of the Silo and Field. Read more about the Field, Pinto’s credit facility here. Read more about the Silo, Pinto’s deposit facility here. Time moves fast on the Farm. Each hour that passes is a Season and each Season is different than the last. At the beginning of a Season the sun rises and parameters are reconfigured, setting up a new game between the protocol and users for the following hour. The protocol attempts ...

Before reading this article, it will be advantageous to have an understanding of the Silo and Field. Read more about the Field, Pinto’s credit facility here. Read more about the Silo, Pinto’s deposit facility here. Time moves fast on the Farm. Each hour that passes is a Season and each Season is different than the last. At the beginning of a Season the sun rises and parameters are reconfigured, setting up a new game between the protocol and users for the following hour. The protocol attempts ...

"Freedom is not the absence of commitments, but the ability to choose—and commit myself to—what is best for me." – Paulo Coelho, The Zahir Historically, one of the biggest impediments to Pinto (and Bean) utility has been the excessive volatility in the yield earned for continuously holding Pinto. During growth cycles, the return from Silo Deposits can be tremendous (e.g., 3 or 4 figure APYs); during periods without any growth, the APY can be at or near 0 for months on end. Such volatility in ...

"Freedom is not the absence of commitments, but the ability to choose—and commit myself to—what is best for me." – Paulo Coelho, The Zahir Historically, one of the biggest impediments to Pinto (and Bean) utility has been the excessive volatility in the yield earned for continuously holding Pinto. During growth cycles, the return from Silo Deposits can be tremendous (e.g., 3 or 4 figure APYs); during periods without any growth, the APY can be at or near 0 for months on end. Such volatility in ...

My PeopleMy dad called me recently to tell me he will be installed as the bishop for the local branch of the Mormon church in the neighborhood I grew up in. I was raised in a deeply Mormon household by immigrants with no extended family in America. I knew I could trust the intentions of other Mormons because they subscribed to a similar belief in cosmological accountability. The members of our local congregation felt like an extension of our family. With all the benefits that came with the co...

My PeopleMy dad called me recently to tell me he will be installed as the bishop for the local branch of the Mormon church in the neighborhood I grew up in. I was raised in a deeply Mormon household by immigrants with no extended family in America. I knew I could trust the intentions of other Mormons because they subscribed to a similar belief in cosmological accountability. The members of our local congregation felt like an extension of our family. With all the benefits that came with the co...

I pursued software because I believed I could build incredible things. I won’t give up now. I was looking into the optimization of integrated circuits as part of an undergrad research program. Three years of my hardware engineering degree had been completed and I was exploring what I would do after completing my studies. One of my responsibilities within the research team was to tweak some simple bash scripts we were going to use for the data pipeline. At the time, I had minimal experience an...

I pursued software because I believed I could build incredible things. I won’t give up now. I was looking into the optimization of integrated circuits as part of an undergrad research program. Three years of my hardware engineering degree had been completed and I was exploring what I would do after completing my studies. One of my responsibilities within the research team was to tweak some simple bash scripts we were going to use for the data pipeline. At the time, I had minimal experience an...

To build something that lasts, I'm prepared for the long haul. It was December 2017—I was studying for my calculus final at the university library when I ran into a close friend. He said, "Bro, this thing called Bitcoin just hit $19k. My bags are fat right now. You gotta get in this crypto thing." Easy money? Say less. I registered for a Binance account on the spot, skipped the "overpriced" BTC and bought XRP, XLM, and TRON. Well, you know how the rest of the story goes. $19k was the pea...

To build something that lasts, I'm prepared for the long haul. It was December 2017—I was studying for my calculus final at the university library when I ran into a close friend. He said, "Bro, this thing called Bitcoin just hit $19k. My bags are fat right now. You gotta get in this crypto thing." Easy money? Say less. I registered for a Binance account on the spot, skipped the "overpriced" BTC and bought XRP, XLM, and TRON. Well, you know how the rest of the story goes. $19k was the pea...

The Silo is the Deposit facility of the Pinto protocol. Pinto, like any currency, requires liquidity to thrive—and the Silo is its mechanism for incentivizing it. Like many blockchain-native assets, Pinto is traded on an Automated Market Maker (AMM) exchange similar to Uniswap, known as the Pinto Exchange. Users can provide liquidity and receive LP tokens which they can stake, along with plain Pinto, in the Silo to earn yield whenever Pinto trades above its $1 target. When users deposit asset...

The Silo is the Deposit facility of the Pinto protocol. Pinto, like any currency, requires liquidity to thrive—and the Silo is its mechanism for incentivizing it. Like many blockchain-native assets, Pinto is traded on an Automated Market Maker (AMM) exchange similar to Uniswap, known as the Pinto Exchange. Users can provide liquidity and receive LP tokens which they can stake, along with plain Pinto, in the Silo to earn yield whenever Pinto trades above its $1 target. When users deposit asset...