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Tenor
@tenor
When market demand is low, spreads in onchain money markets widen dramatically. Aave’s USDC market today: → Lend Rate: 2.65% → Borrow Rate: 4.45% That’s a 1.80% spread. If we want to onboard the masses, we’ll need better quoting mechanisms.
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Joakim
@jommi.eth
The spread is the same it doesn't change with rates lol
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Tenor
@tenor
The Tenor protocol has an interest rate AMM that reduces the structural spread inherent to onchain variable rate money markets. Learn more here: https://blog.tenor.finance/onchain-interest-rate-amms
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