Partner at @ElectricCapital. Ex-Facebook, Ex-VMware. 
nerd.
, 
, and a little 
, and even worse 
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DAI lending trends over the last year - Looking back we can see the rates converge to the baseline set by the Maker. Compound generally trends towards Maker but rarely converges completely. Dydx converges more quickly but with greater volatility. 1/3pic.twitter.com/2DefUhj5gm
Maker's recent entry on the lend-side show similar trends. Compound trends towards Maker and converges more quickly. Meanwhile, dydx so far seems uncorrelated to Maker, and also highly volatile over time. 2/3pic.twitter.com/caBdJg7wbV
It is still early days withe DSR, but so far it appears that lenders are much more aggressive at chasing the best rates, whereas borrowers tend to lag. 3/3
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