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![RealNimona Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1666384514501812224.png) Nimona [@RealNimona](/creator/twitter/RealNimona) on x XXX followers
Created: 2025-07-23 11:55:47 UTC

solid thread and mETH def has momentum, but here’s the flip side to think about

low borrow rate is nice  but why is it low?

sometimes it's efficiency
other times it’s just lack of demand
low utilization can look attractive but also signal underleveraged asset risk

also, using $mETH as collateral depends on its liquidity, oracle trust, and on-chain exit options
compare that to stETH or cbETH  deeper markets, stronger integrations, more tested in stress events

on-chain data shows WLFI holding MNT and mETH, sure
but let’s not assume that = pure confidence  might be strategic positioning, early access, or incentive farming

smart to watch the whales
but smarter to ask: are they playing long game or just farming the short window?

follow the data, not just the trend


XX engagements

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**Related Topics**
[cbeth](/topic/cbeth)
[steth](/topic/steth)
[onchain](/topic/onchain)
[oracle](/topic/oracle)
[momentum](/topic/momentum)
[meth](/topic/meth)
[$meth](/topic/$meth)
[coins defi](/topic/coins-defi)

[Post Link](https://x.com/RealNimona/status/1947989014981517808)