Wu Blockchain (@WuBlockchain): SolanaFloor reports that Fluid co-founder Samyak Jain acknowledged the protocol’s vaults rehypothecate collateral to boost capital efficiency and are…
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
- SOL-70Negative
SolanaFloor reports that Fluid co-founder Samyak Jain acknowledged the protocol’s vaults rehypothecate collateral to boost capital efficiency and are “not fully isolated.” In practice, SOL posted to borrow USDC can be re-lent into looped positions (e.g., JupSOL, INF), leaving users fully exposed to those assets—contrary to claims of risk isolation. https://twitter.com/i/web/status/1997479652953301213