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vaults.fyi
@vaultsfyi
MakerDAO may expose $1B (!!!) DAI to sUSDE via Morpho: https://forum.makerdao.com/t/morpho-spark-dai-vault-update-1-april-2024/24006 Their existing sUSDe vault is earning 60% APY 🫠 In response, Aave is to consider a proposal to remove DAI as collateral, citing risk concerns. Let the DeFi wars begin ⚔️
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BraveNewDeFi
@bravenewdefi
Not really a war, so to speak. The Morpho markets for DAI/USDe and DAI/sUSDe hardcode the oracle for Ethena to $1, which isn’t great. There’s also a proposal on the Maker forum to directly contribute capital to Ethena, which could extend exposure even higher. Proposed to scale from 100m to 600m DAI to start.
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