Update: Gauntlet stepped in with some liquidity to bring the rates down, followed by a sizeable borrower exiting. Rates are stable now under the interest curve kink at 6%.
darkpools
darkpools22.7. klo 22.20
Spark are one of the best lending counterparties. Yesterday a borrower spiked borrow rates on the Spark sUSDe/DAI pool to 25%. Spark responded in ~17 hours to add liquidity and bring borrow rates back to ~7%. In 17 hours a max levered borrower would have only lost ~.15%.
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