explore this paper on DeFi lending protocol Aave V2, where over $50 billion is locked despite over-collateralisation

it reveals that liquidity is driven by yield-seeking, while borrowing is mainly speculative or for enhancing governance power

explore this paper on DeFi lending protocol Aave V2, where over $50 billion is locked despite over-collateralisation

it reveals that liquidity is driven by yield-seeking, while borrowing is mainly speculative or for enhancing governance power

https://www.bis.org/publ/work1183.htm

was excited to read this but then they lost me halfway through the intro

editor yfarmx.com 📚 /yfarmx // security researcher // designer of virtual lands /dunevoxel 🏗 // free GIF PFP mint ➡️ /frameapes

was excited to read this but then they lost me halfway through the intro 

https://twitter.com/0x7477/status/1786438151617294344

onchain finance enthusiast @vaultsfyi 🏦 , wallfacer.io

if Aave had 2% of accounts underwater as this paper represents, protocol would've ceased to attract TVL long ago