0scar(@0scaronchain):Looking at each market's loop-intensity and based on the markets' composition, I estimate that these three personas account for 1/3 each of all debt Some nuances: - even when carry trade loopers are only 30% of all debt, they account for >80% of the debt in half of the markets analyzed - about half of the liquidity borrowers are Coinbase users - Some leverage traders prefer Morpho vs perp venues; simpler borrowing cost vs funding could be the reason; tools like @Contango

0scar

@0scaronchain

Product and DeFi @yield Labs | Yield maximalist. Build the future others are trying to forecast.

Joined February 2009

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0scar@0scaronchain

2026.06.23 19:34

Looking at each market's loop-intensity and based on the markets' composition, I estimate that these three personas account for 1/3 each of all debt Some nuances: - even when carry trade loopers are only 30% of all debt, they account for >80% of the debt in half of the markets analyzed - about half of the liquidity borrowers are Coinbase users - Some leverage traders prefer Morpho vs perp venues; simpler borrowing cost vs funding could be the reason; tools like @Contango_xyz or @monarchlend have made it easier