Protectionism is always bad for the end user, here is a real example

Coinbase users get the worst rates on the market simply because morpho and cb signed an exclusive deal, and now cb users pay more than 50% more on their cbbtc loans than elsewhere, ~7% vs 4-5%

funny enough, I described the situation to gpt and it says that this probably violates several antitrust laws

• Exclusive dealing (Clayton Act §3)

• Potential tying (Sherman Act §1)

• Vertical foreclosure (FTC Act §5)

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