I don't understand what problem this solves.
Ultralisp is a Quicklisp-compatible distribution, except it's a bleeding-edge one. Each time a piece of software included in it releases a new version/release/commit, a new dist is created, and the modified software is available in Ultralisp within minutes.
Also -- and this is very important to me -- it means I'm in control of which version of every library I use. I've been burned too many times by Quicklisp "updating" a library that was previously working which doesn't any more. Now I have direct git control over my version coherency and I'm a happy camper.
[0] https://en.wikibooks.org/wiki/Common_Lisp/External_libraries...
(asdf:initialize-source-registry
(:SOURCE-REGISTRY
(:EXCLUDE "exclusion-string1" "exclusion-string2")
(:TREE #P"/Users/me/Lisp/my-repos/")
(:TREE #P"/Users/me/Lisp/quicklisp-repos/")
(:TREE #P"/Users/me/main-project/src/")
:IGNORE-INHERITED-CONFIGURATION))