Dollar lenders on @SovrynBTC are earning 11. 5% APR. Where is the yield coming from.

10 Jan 2024, 10:56

Dollar lenders on @SovrynBTC are earning 11.5% APR. Where is the yield coming from? Borrowers are paying a funding rate for decentralized margin trading. All decentralized, secured by #Bitcoin miners and non-custodial.