i love this sentence, only in defi
eliteRingsScUSD is backed by veUSD. veUSD is backed by locked stkscUSD. stkscUSD is backed by staked scUSD that specific scUSD is rehypothecated to Mithras. Mithras scUSD (about 92% = 13m) is currently borrowed by xUSD collateral on Silo &
Little know fact about @StreamDefi's xUSD is that they claim ownership of these 3 wallets with over 154M exposure to @Lighter_xyz:
0xb014a95ef7f1a0f3cb6e787ad9066f49e84bc935
0xb208cb64c680d552e52b99f9d2e1c75d516bd27e
0x0443084cf31b622fe5b33d247699b6c9d5152436
One of them also