Mode

Best new protocol on Mode in the last few weeks?

For me I'm loving Astaria. Some liquidity issues now but I think it has a ton of potential, unlocks so many use cases.

Working for the Superchain 🔴🔵🟡🟠🟢🟣

What do you like most about Astaria? EIL5

Public Goods and Impact Evaluation Researcher ✨ Endless curiosity. 

Can lend/borrow literally any asset just have to set the terms

Also very cool how they incorporate Dutch auctions for the loan rates and in general that they don’t use oracles, it’s a very self-sufficient system

What are some of the use cases that you feel are being unlocked through it?

Basically you can build your own positions using whatever tokens you want. For example I set my own terms for a USDC loan to borrow ETH and sold that to buy ezETH.

Also allows you to build short positions in meme coins that can’t normally be used as collateral.

But best part is that the design is antifragile