š BadgerDAO partners with Lido to launch eBTC, a new defi borrowing system! Say goodbye to interest, repayment, and initiation fees.š
ā eBTC leverages staked ETH from Lido, eliminating the need for cross-chain bridges
ā Customizable collateralization ratios & liquidation mechanisms
ā Incentive program with stETH rewards for early adopters
But beware!ā ļø Defi market risks like regulatory ambiguity, counterparty risk, and volatility still persist. In 2022, defi hacks led to $2.7 billion in losses.š
What do you think about this new borrowing system? Share your thoughts below!š