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H2 2023 Predictions: A Can't Lose Parlay | Blockworks Research

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ETH Interest Rates on Chain

Westie: I don't think libraries necessarily a sustainable model because they're hard pegging to USD and there's really nothing stopping, especially the USDT stablecoin from trading above peg. But in other models, you can imagine maybe not hard pegged to the US dollar, maybe having some sort of floating peg. Ren: One interesting thing to watch for LST 5 over the coming years is whether ETH interest rates are more efficient than US dollar interest rates on chain. The looping trade has been so popular on things like Aave because you can borrow ETH for less than you're going to earn on the LST. Westie: Do you think there's a state where an L

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