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Symbiotic
@symbioticfi
Collateral infrastructure for onchain markets.
Joined March 2024
9 Following    93.7K Followers
Good to see this moving. Back in April, under 10% of tokenized RWA value was being used as collateral in DeFi lending. A big reason is that a lot of these assets take months to redeem, and that's hard to lend against. As liquidity improves and redemptions get easier, this number should keep climbing.
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Borrowing of tokenized assets from lending markets has skyrocketed over the past month. Now at an all-time high of $64M, up over 10x from just one month ago.