$1M frxUSD has been deposited in the frxUSD @0xAlphaping vault. Incentives just got refreshed so depositors are earning almost 12% APY for exposure to sDOLA from our friends at @InverseFinance🤝 Get started:

I just saw @InverseFinance has its own version of tranching. Their jrDOLA offers around 30% APY, but the mechanism is different from what we're building at @roycoprotocol. Instead of receiving a premium paid by Senior depositors, jrDOLA acts as a first-loss layer against bad debt and other protocol risks. In exchange, depositors earn rewards in DBR, the token borrowers purchase to lock in their borrowing costs. And speaking of borrowing costs, I was surprised to see that Inverse currently offers fixed-rate loans at 4.68%, while @aave borrowing rates are around 4–5%. What's interesting is that: > sDOLA doesn't pay any premium. > There's currently no required ratio between Senior and Junior deposits. > jrDOLA operates as an independent protection layer, with ~$186K deposited. If the @InverseFinance team ever wants to explore a collab to bring more sophisticated tranching infrastructure to DOLA, I'd be very happy to chat!