This is exactly what $hbUSDT is doing for HyperEVM Now what if we added Pendle to this… Hyperliquid.
Thinking more about this @ethena_labs yield on usde and susde in aave and it's genius - Drives up borrow rates for all the other stables (usdc, usdt, dai) - Drives down borrow rates for usde - Makes usde the best stablecoin to borrow on aave for non-looping use cases - Also makes usde the best stablecoin on aave to lend as it pays 12% note: dcf cap seeded ethena
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