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Sky increasing its TVL by only 16% monthly is worrying when ETH price is up 65% and Liquity TVL is up 56%.
I know some liquidity migrated to Spark, but imo 1 + 1 < 2 here.
@chutoro_au Now this is Pendle's (around 85% are stables):
@chutoro_au Now tell me why they're both up 16% last month
@chutoro_au Pendle
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