cryptobanking

I haven't posted about this in a while since I have been pretty much long spot, but the floatcoin /cryptobanking markets are starting to be deep in negative interest rate territory.

I like using signals like @letsgethai just as a market gut feel check, even though it's low liquidity. What this is saying is too many people are in stables. Since the pairing of the floatcoin is dominated with ETH, as ETH rapidly goes up, the USD value of the stable goes up as well if no one rebalances the pool.

Be careful of traps here but you're effectively getting paid to borrow at least in the short term. NFA dyor.

Borrow against LSTs and Optimism native assets to mint HAI- an over-collateralized & free-floating stable asset