@resdegen Borrow APR pays the yield and borrowers are going to deposit their $USN to get the yield. Where is the value added in this equation? This won't attract liquidity either if the borrowers are the only ones who can mint $USN. It's all $NEAR. Tweet added by trix🛡️ @brane_trix

trix🛡️

2 years

@resdegen Borrow APR pays the yield and borrowers are going to deposit their $USN to get the yield. Where is the value added in this equation? This won't attract liquidity either if the borrowers are the only ones who can mint $USN. It's all $NEAR.

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Res

@resdegen

2 years

1/ Why I think that $USN - $NEAR will not be like $UST - $LUNA... ...but that's even more bullish A thread 🧵👇

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trix🛡️

@brane_trix

2 years

@resdegen You realize your model for "sustainable yield" is unsustainable. Why "lock" $NEAR to mint a stable whose yield comes from my own $NEAR. Selling rewards is sell pressure no matter what happens. Using it to mint more USN cuts the yield by the LTV.

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@iii_OIO_iii

2 years

@BtTrey5 @resdegen Oof, all thread for a model that doesn’t make sense.

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