SLP451 Dissecting cRyPtO Scams and Outlook for 2023 with Brad Mills
Stephan Livera Podcast
00:00
Using Cell Tether in Defi
Staked eath is a derivative of ethereum put it for one-to-one par value in some sort of like curve or other lending pool. You can borrow against it at a pretty risky rate like 70 percent loan to value or something where then you can go back and get point seven eath for one staked eath. That's how it grew to like billions and billions and tens of billions of dollars in crazy over leveraged under collateralized lending in defi through things like celsius.
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