Fluid's co-founder Samyak Jain just dropped something interesting—turns out their vaults aren't as isolated as you might think. They're rehypothecating collateral to pump up capital efficiency. Here's the kicker: when you post SOL to borrow USDC, that collateral can get re-lent into looped positions like JupSOL or INF. Smart move for yields? Maybe. But it also means your assets are doing double duty behind the scenes, which creates layers of interconnected risk most users don't see upfront.
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TopBuyerForever
· 13h ago
Damn, so that's how it is. My SOL is still being reused over there, that's just ridiculous.
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4am_degen
· 19h ago
Sounds like yet another "looks smart but is actually playing with fire" design... Your tokens have been transferred multiple times behind the scenes, and you don't even know it.
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StealthDeployer
· 12-07 05:56
ngl this is just DeFi’s nesting doll—assets are repeatedly used in the background while users are kept in the dark... The returns are tempting, but the risk chain is absurdly long.
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BearMarketBuilder
· 12-07 05:42
Here we go again—collateral reuse. They call it improving capital efficiency, but honestly, it just means the risk chain is getting even longer.
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PumpDetector
· 12-07 05:42
ngl this is exactly the kind of layered risk structure that separates the veterans from the liquidation farm... rehypothecating into looped positions? that's just mt gox energy with extra steps lmao
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Liquidated_Larry
· 12-07 05:29
Bro, this is just ridiculous. You can even play with collateral like this? Feels like something's bound to go wrong sooner or later.
Fluid's co-founder Samyak Jain just dropped something interesting—turns out their vaults aren't as isolated as you might think. They're rehypothecating collateral to pump up capital efficiency. Here's the kicker: when you post SOL to borrow USDC, that collateral can get re-lent into looped positions like JupSOL or INF. Smart move for yields? Maybe. But it also means your assets are doing double duty behind the scenes, which creates layers of interconnected risk most users don't see upfront.