It doesn't do anything useful so the 10x really is meaningless if it was ever claimed by anyone in the first place.
For example you need to have locked $400 of some token for a "loan" of $100. How is this efficient?
For example you need to have locked $400 of some token for a "loan" of $100. How is this efficient?
if just making them on-chain improves the provability that an asset is not getting leverage multiple time in an ecosystem