@DeFiVoyager_X That’s exactly the state of defi, it is disproportionally riskier now more than ever due to new agent models, that’s just a fact. Saying that, muh bank account unsafe too is really lame. No, it’s not this post making users flight away, it is the reality for those who realize it.
Latest research on $USDat and $sUSDat by @saturn_credit, a competitor of @apyx_fi and using $STRC as collaterals.
We include $USDat as Tier 3 stablecoin for now, as it's a wrapper of $wM. We include $sUSDat on the Watch List, as the protocol is yet to present an attestation and/or Accountable page on its $STRC holdings.
Generally speaking, we are also concerned by $apyUSD and $sUSDat's collateral exposure to STRC, which is not guaranteed at $100, nor will it always recover from a depeg. Logically, STRC should follow a market price like other fixed income instruments, subject its pricing to its coupon rate AND the general market yield curve.
Senior tranches of each product by @roycoprotocol and @strata_markets address the potential price issue of STRC, subject to the coverage depth provided by their respective junior tranches.
@nellyeeee Oh sorry I’m drunk, that was meant for @docXBT and @TraderMagus , I don’t give a shit about you, you’re only mental illness in the making, they’re already deep in it