23h ago
In 100 days of @katana x Vault Bridge, here's what adoption of Vault Bridge has looked like:
The opt-in rate for users stands at ~100%, partially because incentives flow through VB pools
But it also shows that DeFi users are comfortable with the way bridge deposits are leveraged
Because Vault Bridge is compatible with third-party bridges, Katana users have the option to deposit using intent/solvers or the Agglayer native bridge
The majority of user deposits land on Katana via the native bridge, with price and size determining path selection
And how did Vault Bridge's @MorphoLabs vaults hold up during last week's historic liquidation?
No bad debt accrued across any of the vaults, meaning all $245M of underlying deposits were protected from undercollateralized borrowing
2.43K
15
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.