🫰🏾. For those wondering what the new update is about
How does lending work?
Lending uses Steakhouse's "Prime USDC" strategy. Borrowers must post collateral in Bitcoin or Ethereum (prime assets) in order to borrow USDC, and if the value of the collateral falls it is liquidated at the loan is repaid.
The rates will fluctuate based on market demand and can go higher tha
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