@ImperiumPaper@absforeever@LucaNetz Also if incentives are supposed to decrease as borrow demand rises, then people naturally want to know:
what does the REAL borrow demand look like today without incentive-driven looping?
@ImperiumPaper@absforeever@LucaNetz Right now it looks like:
subsidize deposits
TVL goes up
market the TVL growth
but organic demand still looks weak
And saying “it won’t stay for a year” kinda proves the point too. If the liquidity is temporary mercenary capital, it’s hard to present it as sustainable adoption.