Yacine Ghalim (yacine)

I heard @sreeramkannan briefly touch on this point recently but it feels like lending protocols like Aave @sparkdotfi @morpho and others have a big systemic responsibility ahead of them in the upcoming cycle. 🧵

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hello world

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hello world

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I heard @sreeramkannan briefly touch on this point recently but it feels like lending protocols like Aave @sparkdotfi @morpho and others have a big systemic responsibility ahead of them in the upcoming cycle. 🧵

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It's going to be critical that sensible risk parameters are applied to LRTs, and now USDe, if/when approved as collateral to avoid huge cascading slashing/liquidation/de-pegging events that could set all of us back.

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My concern is that we could see lending protocols engage in fierce competition that will push them further up the risk curve on risk parameters/collateral acceptance, increasing systemic risk in the process.

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