Safe says $12.4 billion in net smart-account assets are parked in DeFi.
The Defiant reports that this figure excludes $2.37 billion in borrowings. Safe's third-quarter report gives a gross total of $57.64 billion, but does not break out the DeFi portion.
· The net figure means the actual amount deployed after deleveraging is lower than the gross figure.
· There is no detailed breakdown of the $57.64 billion total versus the $12.4 billion DeFi exposure; the composition of the remainder has not been disclosed.
By Safe's figures, DeFi accounts for about one-fifth of its total smart-account assets. Which figure matters more to you: net or gross?
The Defiant reports that this figure excludes $2.37 billion in borrowings. Safe's third-quarter report gives a gross total of $57.64 billion, but does not break out the DeFi portion.
· The net figure means the actual amount deployed after deleveraging is lower than the gross figure.
· There is no detailed breakdown of the $57.64 billion total versus the $12.4 billion DeFi exposure; the composition of the remainder has not been disclosed.
By Safe's figures, DeFi accounts for about one-fifth of its total smart-account assets. Which figure matters more to you: net or gross?
