According to @Nick_van_Eck, Agora is partnering with @hizonpm and the Mu team to launch institutional-grade onchain credit products with stated capacity in the billions, indicating large-scale credit liquidity entering DeFi rails (source: @Nick_van_Eck on X). The announcement specifies product type (institutional onchain credit) and scale (“capacity in the billions”), which traders can monitor for effects on DeFi credit spreads, stablecoin utilization, and yield opportunities upon launch disclosures (source: @Nick_van_Eck on X). Near-term trading focus includes tracking the launch for details on chain selection, pool structure and tranching, underwriting standards, target APYs, and access controls to assess risk-adjusted returns and liquidity depth (source: @Nick_van_Eck on X).