Once, stablecoins were like an invisible pipeline system in the crypto ecosystem—only noticed when it broke. But recently, the situation has changed. As more and more people treat on-chain balances as everyday funds, the importance of US dollar liquidity has shifted from an exclusive need of arbitrageurs to a universal necessity. A project aims to address this shift with a new approach: obtaining US dollar liquidity without selling the assets you truly want to hold. The method is actually simple: lock in the assets you already own, then mint USDf (a over-collateralized synthetic stablecoin). This way, you can retain your original position while gaining on-chain liquidity support. For users who are long-term bullish on certain assets but need US dollars in the short term, this mechanism opens up new possibilities.
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MemeKingNFT
· 5h ago
It's the same old trick of collateralized minting... Nicely called liquidity, but frankly it's just disguised lending.
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PonziDetector
· 5h ago
Wow, isn't this just the idea of borrowing money without taking a loss? This should have existed a long time ago.
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Gm_Gn_Merchant
· 6h ago
I've seen this trick before, it's just collateralized lending with a different name, and it requires over-collateralization. It might turn out to be another liquidation trap.
Once, stablecoins were like an invisible pipeline system in the crypto ecosystem—only noticed when it broke. But recently, the situation has changed. As more and more people treat on-chain balances as everyday funds, the importance of US dollar liquidity has shifted from an exclusive need of arbitrageurs to a universal necessity. A project aims to address this shift with a new approach: obtaining US dollar liquidity without selling the assets you truly want to hold. The method is actually simple: lock in the assets you already own, then mint USDf (a over-collateralized synthetic stablecoin). This way, you can retain your original position while gaining on-chain liquidity support. For users who are long-term bullish on certain assets but need US dollars in the short term, this mechanism opens up new possibilities.