DeFi

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The next luna is in the making with 

Ethena

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The next luna is in the making with 

Ethena

   https://www.coinlive.com/news/analysis-why-did-makerdao-issue-dai-in-large-quantities-to

Definitely not comparable to Luna. If you wanted to compare it to anything, it's closer to Celsius. However, Ethena has put far more measures, risk mitigations in place than Celsius ever did. It's a CeFi product that has notable custodial, counterparty, and legal/regulatory risks.

I've wrote about the Maker <> Ethena <> Morpho <> Aave debate last week and highlighted some of the key risks I see, but Maker's approach is sensible, though they moved v. fast to deploy significant capital.

Head of Community @nexusmutual | Safe Governance delegate | Researching risk in DeFi

Thank you, let me read that when I have a minute.

I've wrote about the Maker <> Ethena <> Morpho <> Aave debate last week and highlighted some of the key risks I see, but Maker's approach is sensible, though they moved v. fast to deploy significant capital. 
https://mirror.xyz/nexusmutant.eth/zEPmfAQcvvyWFgm1MJyNLQ2I2WcdCCeE6RYz_OU7m8I