Stable Rates, Collateral Chaos, and the Governance Game in DeFi Lending
Stable rates in DeFi lending — what a promise, huh? You stake your crypto, borrow some dough, and voilà, your interest rate doesn’t spike like a rollercoaster on steroids. Sounds perfect, right? Well, hold on. Something felt off about how stable these “stable” rates really are. I mean, if you’ve been dabbling in DeFi for…