đ Big news from Euler Finance! The decentralized finance lending platform has just launched a new hybrid token called Maxi. Announced on Sept. 16, Maxi aims to offer greater capital efficiency and risk mitigation through a blend of assets and cross-collateralization.
đ Maxi is backed by a diverse range of assets, including tokenized treasury bills, yield-bearing tokens, synthetic dollars, and fiat-backed stablecoins. Key assets include Ondo Financeâs USDY, Usual Moneyâs USD0, Ethenaâs USDe, and Circleâs USDC.
đĄ Users can earn rewards by collateralizing sUSDe and USDe or lending and borrowing with USD0, stUSD, and USDC. Incentives include Ethenaâs sats, Usual Money Pills, and Angle Protocolâs ANGLE.
đŠ Institutional asset managers like K3 Capital and MEV Capital will manage Maxiâs vaults for optimal efficiency and safety.
đĄïž Despite a $197M flash loan attack in March 2023, Euler Finance recovered over $177M, showing resilience and commitment to security.
đŹ What do you think about Maxiâs potential? Share your thoughts in the comments!