WATCH: The “Inevitable” Game Theory of Institutional Adoption: Bullish (and Dangerous?) | Bitcoin Policy Hour Ep. 20 🇺🇸On Bitcoin’s institutional era: from JP Morgan accepting Bitcoin as collateral to the fiscal game theory driving sovereign adoption. With these tailwinds come risks: to discourse, privacy, and access to self-custody.Feat. @btcpolicyorg’s @zackbshapiro @Bayman11771 @spollockbtc & @zackcohen_ 🟪Chapters:00:00 – Bessent Tweets & Bitcoin Headlines: Institutions Have Arrived1:20 - Samourai Wallet ...

pendle pts have $5.8b deployed as collateral on morpho and aave. borrow rates at 6%, fixed pt yields at 12-16%. that's guaranteed 6-10% spread with 5x leverage available through gearbox. $4.6b already looping on morpho alone. the protocol hit $4.5m monthly revenue in october from traders arbing this exact setup. ...

Financial Risks & Exposure - Stream Finance 通过 Elixir 协议的递归铸币创建了 5.3 亿美元的虚假抵押品 [1] - 各协议面临 2.85 亿美元的坏账风险，涉及 Euler、Silo 和 Morpho [1] - Elixir 协议面临 6700 万美元的风险敞口，占其国库的 44% [1] Insurance Market Dynamics - Nexus Mutual 和其他保险公司预计将迎来需求激增，因为每个协议都在争夺保险覆盖 [1] - 保险基础设施正变得强制性，而非可选项 [1]

Loan Types - Personal loans can be secured with collateral or unsecured [1] - Unsecured loans are more prevalent but typically have higher interest rates [1]

aave locks 4.2 million eth as collateral. all eth etfs combined hold 3.1 million. defi protocols control 35% more eth supply than tradfi etfs yet traders price eth based on grayscale outflows. $14.7b in eth/steth frozen in aave lending pools at 82% market dominance. supply shock building in plain sight. ...

Labor Market Analysis - Haver Analytics estimates weekly jobless claims at 217,000 for the week of October 11th, compared to the government's 228,000 [1] - Continuing claims are estimated to be up at 1.942 million versus 1.92 million [2] - The economy is characterized as a relatively low fire, low hire environment, with no significant changes since the government stopped publishing data [4] - Goldman Sachs reports similar jobless claim numbers [5] Financial Market Conditions - Secured Overnight Funding Rate (SOFR) is at one-month highs, indicating a clamor for high-quality collateral and tightness in the financial market [11][12] - The rise in SOFR is reversing the effect of the Fed's rate cut on September 17th [13] - The fiscal year ended with 1.22 trillion to service the debt [16] Monetary Policy and Market Outlook - There's a divergence between jobless claims data and the Fed's concerns about the labor market [8] - The relationship between stocks and treasury yields is influenced by a "flight to good collateral" [9] - The current situation is not comparable to the great credit crisis [10] - Chairman Powell mentioned the possibility of ending quantitative tightening in the coming months due to some tightening in financial markets [17]

Protocol Integration - @re has integrated Chainlink Proof of Reserve to enhance transparency of reinsurance contracts [1] - The integration spans across Arbitrum, Avalanche, Base, and Ethereum [1] Collateral Verification - Proof of Reserve offers near real-time onchain verification [2] - This verification helps ensure contracts are fully collateralized with regulated offchain capital [2]

Collateral. https://t.co/MQtd0UCHZX ...

Core Functionality - Quanto enables Raydium Protocol Liquidity Pool (LP) tokens as collateral [1] - Users can trade across 500+ markets using LP tokens as collateral [1] - Quanto aims to expand tradable and marginable assets, tokenizing and collateralizing everything on Solana [1] Benefits for Users - Users can continue earning yield from on-chain LP positions [2] - Users can actively trade markets without missing opportunities [2] - Users can hedge against impermanent loss using their own LP tokens [2] Capital Efficiency - Quanto unlocks a new layer of capital efficiency by turning LP tokens into collateral [1]

Product Offering - Coinbase 通过 Morpho 提供即时比特币抵押贷款服务 [1] - 贷款秒级发放，无需额外信用检查，可随时还款 [1] Marketing & Promotion - Bitcoin Magazine 推广 Coinbase 的比特币抵押贷款服务 [1]