CM
CM|Apr 08, 2026 09:39
Stablecoins have been borrowed short, and this situation has occurred countless times, each time different. This time, there are several points that USD1 needs to pay attention to, Firstly, most of the money was borrowed from the reserve address. What did it do? If it can be repaid at any time, it's not a big problem. However, if the withdrawal later turns into US dollars, there may be a problem, which can be observed. Another issue is whether it will be targeted for explosion and the loan position will be liquidated, which has happened on CRV before In theory, this possibility exists, but the collateral is WLFI, and the chips of this coin are relatively concentrated. If there are no problems within the team and too much funds are not lent to lower the health value, it will be difficult for external price manipulation, but this risk cannot be completely ruled out. But this is actually related to what the borrowed money did. If the money can be repaid in a timely manner and the clearing line can be actively controlled, then there won't be any problem. Finally, is there any problem with the USD1 stablecoin itself? This collateral has already been publicly disclosed and is the easiest to track. If the team's original intention is good, such as incentivizing the use of the lending market, then I suggest not borrowing so aggressively. At least timely repayment should be made when withdrawal is difficult, giving users enough liquidity to exit. This can be executed through an automatic balancing program, while paying attention to WLFI prices to prevent the risk of manipulation in advance.
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