DeFi traders are stacking risks on top of Strategy’s risky STRC
Traders are wrapping Strategy's 11.5%-yielding STRC preferred into synthetic tokens on Apyx, Saturn, xStocks, Pendle and Morpho, then looping cheap USDC loans into yields as high as 64% APY, even as STRC trades below its $100 peg at $90.52-$93.10.
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