Why this matters now

Crypto companies are generating billions in revenue—but face difficult tradeoffs when managing their capital. Holding crypto like BTC or ETH exposes them to extreme volatility. Off-ramping into safer assets like T-bills or ETFs incurs high fees and immediate tax events. And using crypto as collateral comes with steep liquidation risk.

Meanwhile, DAOs and crypto-native treasuries hold over $25B in stablecoins and native tokens that remain idle, earning zero yield. The only available real-world yield options on-chain today—like tokenized T-bills—offer limited returns, and still expose token balances to public scrutiny.

Spout solves these pain points by bringing high- and low-risk yield strategies on-chain without:

• Suffering off-ramp costs or tax hits

• Requiring liquidation of crypto positions

• Exposing treasury flows on-chain

• Sacrificing composability or compliance

This unlocks a $50B+ opportunity across crypto funds, family offices, DAOs, and corporate treasuries seeking better capital efficiency.