mev capital vault on morpho grew to $600m in the last 24 hours because people see 55% APR and keep supplying, this is insane

usd0++ holders are now paying 120% borrowing APR and have no way to exit (+they lost 6-13% of the collateral value). On 5x leverage, they are losing 2% a day

these new usdc suppliers are either largely uninformed or believe that everything will be alright and they will get their USDC back

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