USDai opened a new borrow market on Morpho.
Max loop that strategy and you can earn 36.38%. Wild number. However,
@roycoprotocol 's Junior on the same asset, announced yesterday, is paying 37.65%.
Higher, and without the negative carry risk that comes with looping and unwinding it yourself. Same underlying exposure, a couple of clicks instead.
The stablecoin itself is also growing fast.
@USDai_Official 's own numbers put the stablecoin at $550M in TVL now. Amazing comeback.