CBB (xpl era)
> Risk managers are curating vaults on Morpho / Euler > Risk managers have started to launch t...
203 days agoCBB (xpl era)Cbb0fe
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The author highlights a potentially unhealthy cycle in DeFi where risk managers are creating yield-bearing stablecoins on Midas, deploying user USDC into vaults on Morpho / Euler, and users are then borrowing more USDC against these new stablecoins to re-invest. This suggests a leveraged, potentially unstable "ponzi-like" structure that could be risky for participants.

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CBB (xpl era)

CBB (xpl era)

By Cbb0fe

Riding the ponzi of magic internet money