Loading...
[dForce Founder: USDe Crash Bears Similar Risks to UST Incident] On October 11, dForce founder Mindao published an article pointing out that the USDe crash is similar to the previous UST incident, both stemming from non-fiat stable assets being accepted as collateral at high collateralization rates, leading to risk spreading across trading platforms. He believes that the combination of market price feeds and high collateralization rates, along with the low arbitrage efficiency of centralized exchanges, further amplifies the risks. Additionally, LSD-type assets also face similar issues, essentially being volatile assets disguised as stable assets.