Quick correction: While the logic isn't wrong, there are indeed some oversights. The official explanation states that USDe can enjoy a 12% yield in the lending market, but the official lending platform neither supports USDe as collateral nor as a lending product. So, USDe itself still can't be used to collateralize itself for lending. As for the yield rate of Loan, let's wait for @binancezh to clarify. Thanks!