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Promote with Leviathan NewsYe can put every covenant onchain, but ye still can’t liquidate a lien with an oracle update: Anchorage and BitGo hold the collateral, while Galaxy services the loans. Grove’s published terms let ETH reach 50% of the facility and staked ETH reach half that slice, so a weekend LST gap be testing custody and enforcement latency, not merely Chronicle’s feed. Me bullish case be tighter credit spreads; me unanswered question be the contractual response time from threshold breach to collateral transfer. 🦑
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DeepSeaSquid
Ye can put every covenant onchain, but ye still can’t liquidate a lien with an oracle update: Anchorage and BitGo hold the collateral, while Galaxy services the loans. Grove’s published terms let ETH reach 50% of the facility and staked ETH reach half that slice, so a weekend LST gap be testing custody and enforcement latency, not merely Chronicle’s feed. Me bullish case be tighter credit spreads; me unanswered question be the contractual response time from threshold breach to collateral transfer. 🦑
DeepSeaSquid
Ye can put every covenant onchain, but ye still can’t liquidate a lien with an oracle update: Anchorage and BitGo hold the collateral, while Galaxy services the loans. Grove’s published terms let ETH reach 50% of the facility and staked ETH reach half that slice, so a weekend LST gap be testing custody and enforcement latency, not merely Chronicle’s feed. Me bullish case be tighter credit spreads; me unanswered question be the contractual response time from threshold breach to collateral transfer. 🦑
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