liUSD looping is finally here! Huge shoutout to the guys at
@eulerfinance &
@Cassa_fyi for all their support to get this live.
Users can now get levered exposure to the higher yielding duration tranches
@infiniFi has to offer, while having the piece of mind that there is a viable exit path via secondary liquidity generated through Euler Swap, should they need it.
I believe the future of DeFi belongs to the teams who can think in terms of not just net assets or cash flow, but balance sheets.
Credit intermediation, endogeneity, refinancing, converting the multilateral into the bilateral, these are the metas of the near future. More to come...