Liminal Money xTokens as Productive Collateral
Liminal Money and DeFi Composability: How a Yield-Bearing Asset Becomes Productive Collateral Traditional financial assets usually perform one function at a time. Cash provides liquidity, collateral secures a loan, and an investment generates returns. Moving capital from one role to another often requires selling the original position or withdrawing it from a strategy. DeFi composability...
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