$CAP 24h +17.46%, on one side KOLs are shouting “set a new all-time high,” while on the other someone is questioning “market makers are pulling the price up.” Who should we trust for this rally? Cap is doing on-chain credit: depositors deposit stablecoins to earn yield; underwriters provide collateral and earn a premium; borrowers quickly get funding. It has already attracted institutional players like Franklin Templeton and Flow Traders.
There’s been a lot of activity lately: an official announcement of a partnership with Solv, stressing that over $180 million worth of BTC on the platform is guaranteed by underwriters such as Bedrock, Lombard, and Solv for institutional borrowers; stcUSD has been added by Yearn and Clearstar into the V2 vault, which allocates to the Morpho market, and Yearn has given it a strong risk rating. Community buzz is also high—some KOLs said that a callout made 10 days ago is up 50%+ already. But at the same time, others warn that the circulating supply is small and the chips are concentrated, urging caution about a “run-away” style crash. This wave of sentiment is intertwined with fundamentals. Perhaps we’ll need to wait for the first episode of Blockhouse Broadcast to air to see the true stance of institutional capital.
#DeFi #BTCFi
There’s been a lot of activity lately: an official announcement of a partnership with Solv, stressing that over $180 million worth of BTC on the platform is guaranteed by underwriters such as Bedrock, Lombard, and Solv for institutional borrowers; stcUSD has been added by Yearn and Clearstar into the V2 vault, which allocates to the Morpho market, and Yearn has given it a strong risk rating. Community buzz is also high—some KOLs said that a callout made 10 days ago is up 50%+ already. But at the same time, others warn that the circulating supply is small and the chips are concentrated, urging caution about a “run-away” style crash. This wave of sentiment is intertwined with fundamentals. Perhaps we’ll need to wait for the first episode of Blockhouse Broadcast to air to see the true stance of institutional capital.
#DeFi #BTCFi