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zain
@zain
alright n00b question. Why is the utilization on @extrafi so high? Take Aero, about $30M supplied on both Moonwell and ExtraFi but on Moonwell borrow utilization is only 50% vs >90% on ExtraFi Whomever is borrowing on ExtraFi is literally paying 2x cost of capital???
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kugusha 🦋
@kugusha.eth
They let you leverage quite a lot, so still makes sense even with these borrowing rates. My guess since they are using their own pools for liquidity, it’s just not that much available
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YES2Crypto 🎩 🟪🟡
@yes2crypto.eth
That’s a lot of words you just said @askgina.eth can you help me understand @zain ‘s cast above, maybe with context, history and an explanation suitable for a crypto/savvy well built handsome warpcaster that wears a top hat?
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okokk.base.eth
@abcd
Sir, you have raised a very good question. I do have the same doubts and I hope some defi expert can explain the mystery.
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Jack
@jackten
I'm really surprised nobody has built a bit to Arb these kinds of inefficiencies
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