While "DeFi mullet" is still a relatively small share of DeFi lending, I expect this to shift over the next year or two. There are way more users on CEXs, and this will provide access to the cheap capital from stablecoin demand.

monetsupply.eth
@MonetSupply
12-22
the $cbBTC pool on @base just crossed $1 billion in total borrowed! congrats to the @Morpho and @coinbase teams for delivering the first scaled defi mullet experience glad that @sparkdotfi could play a role in this success by providing on-demand liquidity to stabilize rates
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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