Evaluate the Pangolins pool on morpho: https://app.morpho.org/base/vault/0x1401d1271C47648AC70cBcdfA3776D4A87CE006B/pangolins-usdc overview Benefits and Security: 0. Real loan interest income without token subsidies 1. Pure USDC input, USDC output, without the risk of packaging token detachment; 2. The collateral for the underlying strategy is only Coinbase BTC, with no other collateral. CBBTC is issued by Coinbase, and this casting process is relatively safe. It relies on CB's risk control system, making liquidation more reassuring; 3. The underlying strategy is the largest lending pool on Morpho, CBBTC, which has a borrowing volume of around 1.4 billion yuan per year. Vacant USDCs account for about 10% per year, which means there is around 140 million USDCs available for you to exit at any time, basically equivalent to a current deposit. 4. After safety verification, Pangolins has implemented monitoring and various risk control systems, which will automatically evacuate as much as possible when liquidity is tight. 5. Curator permissions are restricted, with only the authority to allocate funds in the authorized market and no access to vault funds. And smart contracts are in non upgradable mode, meaning that the permission has been written to death and cannot be adjusted. risk If there is a risk of bankruptcy on Coinbase exchange, it will lead to a decrease in the intrinsic value of CBBTC, which will result in insolvency; 2. Currently, the loan oracle is provided by Chainlink, with multiple quotes and no hidden risks of single point of failure. If Chainlink has other potential risks that are currently unknown, it may lead to inaccurate pricing; If morpho has other currently unknown risks, it may lead to pool risks.