Protocols like Kashi, Silo, Compound v3, Morpho Blue, Ajna and FraxLend allow lenders to deposit into various (for the most part) ungoverned, isolated pools, offering flexibility in LTV ratios, based on free-market principles. With many pools to choose from, users are free to lend across a wide range of possible LTV ratios (and other risk parameters). Some might take a cautious approach, lending at low LTV ratios and attracting fewer borrowers, while others might be more open to risk and leverage.
