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Monteluna
@monteluna
/cryptobanking update The Ethereum Credit guild hasn't seen a ton of growth in it's novel approach to lending, but seems to have made a niche for Pendle fixed yield tokens in WETH. ECG combines optimistic governance (anyone can create markets without full quorum), and Curve-like gauges to control debt ceilings.
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Monteluna
@monteluna
For now, over $250K of Pendle's fixed yield tokens closing in June are being used to earn leveraged yield for borrowers. Suppliers who lock to increase the debt ceiling are currently earning GUILD tokens, on top of 8-12% APY in ETH terms.
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Monteluna
@monteluna
Unsurprisingly, the Ethereum Credit Guild has not generated significant demand yet for borrowing in USDC terms, and hasn't had many users supplying USDC. Still these markets earn GUILD tokens and see between 8-15% APY when debt is taken, but with huge market shakeouts users seem risk off.
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