I personally don't frown at protocols that list it, I think it can make sense with sensible parameters, I just think with Kai we should be even more conservative since it's a different system, and it turned out to be wise in this case.
The bigger issue is that there isn't really a lot of things to list since the markets are so thin on all but a few of these coins ATM. So it's like we have to go through "beginnings of defi" problems and all the lessons here again even though we kinda know them.
Aaand that’s why we don’t list tokens without sufficient liquidity. Not every token is leverage ready. High APY is good. No bad debt is better.
Sep 9, 2025 · 7:46 PM UTC


