Today I found more exposure to $xUSD
I will start with saying, I'm not stating here that xUSD has issues, just that I wasn't aware of this exposure, and I understand how deFi works.
I just didn't do my deep DD.
I was in a liquidity pool on @beets_fi on @SonicLabs
This pool, at a glance looked like $USDC / $scUSD @Trevee_xyz
But the pool sent my USDC to @SiloFinance which lends this USDC to various collaterals. 95% of the collateralization was taken by xUSD.
Now, all this is transparent so it's not a point at any of these projects, but it did take me several hops to find the exposure, and a lucky notice that my USDC was sent to silo.
Please do your DD and dig deep into the flow of coins you are depositing.
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