Market volatility is back! Leverage traders are getting squeezed, and DeFi is feeling the heat. Borrowing stablecoins is becoming increasingly expensive, with rates reaching 20%+. It's either a matter of more money getting onramped or we're all just caught up in the hype.

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The growing cost of borrowing stablecoins is a clear sign of market stress. I'm curious to see how this will impact DeFi's growth trajectory.