Thoughts on this, guys?
*Post was flagged as spam / advertising for being too short. So I’ll explain more (thought this was self-explanatory):
In a couple of hours time, bETH will be launched on the Terra blockchain which will allow stakers to borrow UST and earn a net APR of 30% (currently). Locked ETH in Oasis vaults cannot and do not generate any yield, and incur a 2% stability fee on borrowed DAI.
In a world of rational decision-makers, borrowers will shift their ETH collateral to Lido Finance to be paid to borrow UST on Anchor Protocol. In time, Maker will gradually lose its market dominance to Terra if all things stay equal.