Web3 Tech Brief By HackerNoon

HackerNoon

Learn the latest Web3 updates in the tech world.

  1. Space and Time Launches Virtual Vaults as Crypto Lending Hits $75B and the 2022 Lessons Get Built In

    -14 H

    Space and Time Launches Virtual Vaults as Crypto Lending Hits $75B and the 2022 Lessons Get Built In

    This story was originally published on HackerNoon at: https://hackernoon.com/space-and-time-launches-virtual-vaults-as-crypto-lending-hits-$75b-and-the-2022-lessons-get-built-in. Space and Time launches Virtual Vaults as institutional crypto lending hits $75B. Cryptographic verification replaces the quarterly attestation model. Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #good-company, #space-and-time, #crypto-lending, #technology, #defi, #cryptocurrency, #cybersecurity, and more. This story was written by: @ishanpandey. Learn more about this writer by checking @ishanpandey's about page, and for more stories, please visit hackernoon.com. Space and Time launched Virtual Vaults today, a vault platform built specifically for institutional onchain lending agreements with cryptographically verified, continuously updated visibility into borrower collateral across centralized exchanges and DeFi protocols. The launch arrives as Galaxy Research and Coinbase project the digital asset lending market reaching $75 billion by mid-2026, recovering from the 2022 collapses of Genesis, Celsius, BlockFi, Voyager, and Three Arrows Capital that wiped out 82% of CeFi lending's open borrows. The structural failure of those collapses was not just bad risk management. It was that lenders had no way to verify in real time what collateral actually backed their loans, relying instead on quarterly attestations and point-in-time snapshots that were already historical by the time they arrived. Virtual Vaults replace that model with ZK-proven data structured around each loan's specific covenants, powered by Space and Time's Proof of SQL coprocessor. The launch also aligns with U.S. stablecoin legislation and MiCA implementation, the regulatory frameworks institutional capital has been waiting on. The open questions are integration depth across venues, whether lenders rewrite covenants around real-time data, and whether cryptographic verification becomes a category or remains Space and Time's niche.

    7 min
  2. Bad Governance Can Break Even the Best Tech, Says GoodDollar's Sam McCarthy

    -1 J

    Bad Governance Can Break Even the Best Tech, Says GoodDollar's Sam McCarthy

    This story was originally published on HackerNoon at: https://hackernoon.com/bad-governance-can-break-even-the-best-tech-says-gooddollars-sam-mccarthy. Why governance breaks crypto projects, why it's a muscle worth flexing, and how GoodDollar's Sam McCarthy is rebuilding it from the people up. Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #decentralized-autonomous-org, #governance, #daos, #web3, #dao-governance, #blockchain, #decentralized-governance, #hackernoon-top-story, and more. This story was written by: @terezabizkova. Learn more about this writer by checking @terezabizkova's about page, and for more stories, please visit hackernoon.com. TL;DR: Sam McCarthy, Governance Lead at GoodDollar and Ecosystem Lead at DAOstar, just wrapped a nine-week community redesign of GoodDollar's governance system. His core argument: the hardest problems in DAOs are social ones, and most governance primitives have already been built—what's missing is the people work. He breaks down how to diagnose broken governance (plutocracy, back channels, fake inclusivity), why crypto projects should start lean and centralized before decentralizing, and how GoodDollar's new two-house system—the House of Alignment for aligned projects, the House of Citizenship for the wider community—is designed to push back against the failure modes he sees everywhere else. The throughline: governance is a muscle, and people only flex it when they believe their participation matters.

    15 min

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Learn the latest Web3 updates in the tech world.