Lastly, a higher ETH price could kick-start the Ethereum DeFi economy, setting off a powerful feedback loop. To take a simple example: just on AAVE, there is ~$9 billion of ETH-linked collateral (between wETH, wstETH, weETH), plus another $1 billion or so in L2s. Sure, some of this collateral is used for delta-neutral strategies like recursive lending and points farming, but most of it is likely not.
ABOUT AUTHOR
CATEGORIES
- Meta must face trial in Massachusetts over social media addiction, a Reuters judge has ruled
- BRICS is not anti-Western, but “non-Western”, says Russian President Putin
- Stock markets in Spain rise at close of session; IBEX 35 gained 0.07% According to Investing.com
- Hedge Life Insurance Stocks: HDFC Life, SBI Life and ICICI Prudential May Offer 16-20% Return – Asit C. Mehta Initiates Coverage of Life Insurance Stocks
- Gilead withdraws bladder cancer drug in US after failed trial reported by Reuters
- Oragenics, Inc. will present at The Centurion One Capital’s second annual summit in the Bahamas By Investing.com
- CVS names a new CEO to replace Karen Lynch