source avatartrippan

Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy

With Drift exploit, what is the hurdle rate for Usdc yield in borrow/lend defi? Before (& likely stupidly) had left money in at 5-6% Apr. Removed all of this today and sent to Coinbase to earn 3.5%. New minimum for me is 15% Apr, which is only possible if protocol is heavily incentivized or looping. Like Neverland on Monad. Basically for new chains / protocols which are riskier. Sad day for defi and solana. Luckily not impacted but was heavily farming Drift last year.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.