π³ A Milestone for DeFi Fixed Income
DeFi just got its first benchmark-anchored fixed rate market.
Curated by @kpk_io, the new ETH markets on @eulerfinance set borrow rates each cycle from TESR, Treehouse's on-chain benchmark for staking yields. π§΅π
https://t.co/sSiRd4r0rD
@0xdoge_bull We're using the "fundamental rate" oracle feeds from @chainlink for this.
Aka, there is no risk on unnecessary liquidations due to secondary market depegs of wstETH or other tokens.
@Marczeller@ether_fi Didn't realize the EUR yield was so high nowadays. Might have to ape a bit more into it
Now add some basic airport lounge access and it would be perfect for me π (fyi @MikeSilagadze π)