Analyzed 10k borrowers in Morpho's top markets by debt. The same protocol is serving 3 personas:
- loopers
- liquidity borrowers
- directional leverage traders
most markets are loop-heavy, with the top 5 borrowers accounting for most of the debt
the great unbundling might be coming
https://x.com/0scaronchain/status/2069428261315280903
Post #4587
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