CBB
@Cbb0fe
Riding the ponzi of magic internet money
Joined September 2023
249 Following 106K Followers
xUSD has ~$170M backing it on-chain.
They’re borrowing ~$530M from lending protocols.
That’s 4.1x leverage. On many illiquid positions.
This isn’t yield farming.
This is degen gambling.
Stay away from this.
Don’t touch Morpho / Euler vaults tied to this trash.
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