when STRC drifted below its $100 par, the on-chain wrappers built around it got hit immediately. @apyx_fi and @saturn_credit, both tokenizing $STRC dividends for DeFi yield, saw their products depeg. the underlying yield kept accruing. the collateral value didn't.
that gap is the part that never makes the pitch deck. TradFi sentiment wobbles, the on-chain derivatives reprice in real time, and suddenly your dashboard is showing healthy yield while your principal bleeds out quietly. holders got a live basis risk lesson they didn't sign up for.
not a collapse. but a real preview of what RWA wrappers look like under stress when the peg mechanics aren't deep enough to hold.
views of my own and does not represent how @hemi_xyz looks at yield vs risk.
#Geoguessr Session today at 11am UTC on HAIR discord !
Try to be the best and grab your $HAIR Token reward !
.... And we still running season2 of HAIRgames, with a huge prizepool of 15 000$HEMI !
A real #p2e !
Join discord, link in bio.
Hemi X HAIRgames Season 2 is live
This time a brand new game joins the arena : Space Huggers
We've tightened security after S1, and the blockchain is watching. Play fair or get booted simple as that.
Prize pool: 15,000 $HEMI
Top 3:
1st : 3,500 $HEMI
2nd : 2,500 $HEMI
3rd : 1,500 $HEMI
Participation reward: 7,500 $HEMI shared equally between all players who plays
One thing : the contest ends with a random snapshot between Sunday and Monday. Just don't sleep on it.
Prizes sent within 10 days of the session ending.
Play here → https://t.co/maHVzTNNSv
May the best player win.