NDV Lianchuang: Has provided Usual with $6.5 million in liquidity for the vault on Morpho

2024-08-26 22:40:33
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ChainCatcher news, NDV co-founder Christian posted on social media that he has provided $6.5 million in liquidity to the stablecoin protocol Usual's treasury on Morpho. Christian believes that the best products should balance and incorporate the following points:

  1. Actively seek the highest risk-free yield across the industry;
  2. From a security perspective, deeply explore all avenues of interest generation, not just looking at the surface; consider performance in various extreme scenarios and conduct thorough audits;
  3. Have a deep understanding of liquidity; scale does not always mean safety. For example, in the case of a stablecoin/yield-generating asset, do not just look at the current liquidity in DEXs, but examine how the underlying mechanism supports de-pegging during a run;
  4. Maximize efforts to the extreme, which means squeezing partners for maximum incentives while aiming to minimize fee costs under a shared profit model;
  5. Consider any mindset a user might have, starting from the perspective of large holders/institutions with millions of dollars, while also trying to understand the mindset of users with only a hundred dollars in their pockets;
  6. Always maintain a tension in thinking between centralization and decentralization, determining where centralized solutions should be used to address barriers and cost issues, and where it is essential to maintain decentralization and transparent credit establishment.
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