JOJoel Obafemiinjoelobafemi.hashnode.dev·Feb 2 · 5 min readRisk Is Not a MetricRisk in DeFi lending is often reduced to utilization ratios, interest rates, and total value locked. These figures are useful, but they are descriptive rather than diagnostic. They tell us what the system looks like today, not how it behaves when con...00
JOJoel Obafemiinjoelobafemi.hashnode.dev·Jan 30 · 7 min readHow DeFi Lending Protocols Actually Become InsolventExecutive Summary Liquidations are widely treated as the primary solvency mechanism in DeFi lending. The common assumption is straightforward: when a borrower becomes undercollateralized, the protocol liquidates the position, recovers the debt, and s...00
