Abstract. All compliance paths in the Atlas tagged with defi — 6 appearances across the 8 rails. Each card links to that path's full compliance journey.
Permissionless token swap via concentrated liquidity AMM. V4 hooks enable optional KYC at pool level.
Uniswap · Hook DeployersOvercollateralized lending — $24.8B TVL, algorithmic liquidation. Aave Horizon adds institutional KYC layer.
Aave · Aave HorizonVault-minted stablecoin — deposit ETH, mint USDS. $21B supply. Open question: who is the issuer under GENIUS Act?
Sky Protocol · SKY GovernanceStake ETH, receive liquid stETH. V3 stVaults add institutional compliance. Open question: is stETH a security?
Lido · stVault PartnersSplit yield-bearing assets into principal and yield tokens. Structured finance on-chain without the regulatory framework.
Pendle FinanceMakerDAO/Sky RWA vault — DAO governance + off-chain Treasury collateral. Identity is inverted: the vault manager qualifies to the DAO, not vice versa.
MakerDAO · Sky · Monetalis · BlockTower · ChronicleEach tag indexes the paths it applies to. The active tag here is defi; jump to any other to see its coverage.