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definikola @definikola on x 4088 followers
Created: 2025-07-19 15:54:47 UTC
DeFi is finally welcoming projects aiming to bring under-collateralized loans.
@3janexyz - is a credit line machine offering a streamlined UX with 1-click deposit to get USD3 yield bearing token.
@WildcatFi - is taking an infra-oriented approach, providing contracts to facilitate (isolated) loan offers/terms by borrowers, leaving due diligence to lenders.
Regardless of approach, it's going to be pretty fun seeing how the market is going to price this kind of loans.
My assumption would be that we're going to see another wave of significantly higher (and sustainable) APYs, considering new risk levels in DeFi on one hand, and the somewhat risk-averse nature of avg DeFi supplier.
Similarly to how short-term perp traders are willing to pay high funding (so Ethena came with good sustainable yield by tokenizing it), I believe under-collateralized borrowers are gonna be willing to pay higher interest rates to improve their long-term capital efficiency.
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Related Topics acquisition token ux