BraveNewDeFi pfp
BraveNewDeFi

@bravenewdefi

Not really a war, so to speak. The Morpho markets for DAI/USDe and DAI/sUSDe hardcode the oracle for Ethena to $1, which isn’t great. There’s also a proposal on the Maker forum to directly contribute capital to Ethena, which could extend exposure even higher. Proposed to scale from 100m to 600m DAI to start.
1 reply
0 recast
1 reaction