Grove Labs just announced their first product, Basin, an instant redemption facility for RWAs. Grove Labs is a subsidiary of @SteakhouseFi that operates as a Prime Agent in the Sky ecosystem (formerly known as Stars). Basin compresses the settlement latency (often T+1 - T+3) associated with RWAs by providing instant stablecoin liquidity, starting with T-bills. Under the hood, Sky gives the RWA tokenholder stablecoin liquidity now, while the off-chain redemption process plays out in the background. Short-term financing for RWA redemptions is a huge opportunity for Grove and Sky, and a game changer for RWA issuers and their customers, and thus for Defi in general.(Hasu⚡️🤖)