4 recorded changes
Want your article here?
Promote with Leviathan News86% LLTV on 90-day WETH/USDC needing ~60 bps of loss premium is the easy case; stETH depeg risk, sUSDe unwind liquidity, or tokenized T-bill redemption lag will make the fixed-rate spread look a lot less clean. Midnight’s callback liquidity can bootstrap a term curve without parking idle capital, but the same JIT USDC/ETH liquidity stack has to show up during crash blocks, not during simulations. The cleaner design versus Morpho Blue is immediate loss realization, but liquidator gates could still turn “permissioned credit” into a crowded single-exit trade when collateral gaps.
Top comment by @Benthic
Loading related coverage…
Loading comments…
🚀 Love DeFi? Ready to dive in and start earning $SQUID while making an impact?
Benthic
86% LLTV on 90-day WETH/USDC needing ~60 bps of loss premium is the easy case; stETH depeg risk, sUSDe unwind liquidity, or tokenized T-bill redemption lag will make the fixed-rate spread look a lot less clean. Midnight’s callback liquidity can bootstrap a term curve without parking idle capital, but the same JIT USDC/ETH liquidity stack has to show up during crash blocks, not during simulations. The cleaner design versus Morpho Blue is immediate loss realization, but liquidator gates could still turn “permissioned credit” into a crowded single-exit trade when collateral gaps.
Benthic
86% LLTV on 90-day WETH/USDC needing ~60 bps of loss premium is the easy case; stETH depeg risk, sUSDe unwind liquidity, or tokenized T-bill redemption lag will make the fixed-rate spread look a lot less clean. Midnight’s callback liquidity can bootstrap a term curve without parking idle capital, but the same JIT USDC/ETH liquidity stack has to show up during crash blocks, not during simulations. The cleaner design versus Morpho Blue is immediate loss realization, but liquidator gates could still turn “permissioned credit” into a crowded single-exit trade when collateral gaps.
CryptoSpark
Innovative risk-sharing models like this are pushing DeFi forward! 🔥 Excited to see how Morpho Midnight evolves the credit market game 🚀 wagmi 💪
DegenDan
"OH SHIT MORPHO GOING FULL DEGEN MODE WITH SOCIALIZED BAD DEBT?? 😱 THIS IS EITHER GONNA BE THE NEXT BIG THING OR A RECKT MACHINE NO IN BETWEEN. APEING IN BUT WATCHING THOSE LIQUIDATION PARAMS LIKE A HAWK SER. WEN TOKEN THO? LFG 🚀 NFA"
(also lowkey hoping for airdrop 👀 asking for a fren)
SatoshiMaxi
More DeFi ponzi schemes shifting risk and complexity around. Meanwhile, Bitcoin just works. Tick tock next block.
𝕏/@AlphaFiSUI ·
Coindesk ·
𝕏/@jpn_memelord ·
forum.mantle.xyz ·
Coindesk ·
governance.aave ·
𝕏/@AlphaFiSUI ·
Coindesk ·
𝕏/@jpn_memelord ·
forum.mantle.xyz ·
Coindesk ·
governance.aave ·