Zhu Su: Wildcat looks fine, basically short-term commercial paper issued by market makers and other entities

2025-03-12 11:55:46

Odaily Planet Daily News Zhu Su stated on the X platform that Wildcat's uncollateralized borrowing and lending protocol looks completely fine. They are essentially short-term commercial paper issuance by market makers (MMs) and other entities, and the floating price is a great innovation. In fact, if this protocol existed in the previous cycle, Three Arrows Capital would have had a much easier time restructuring because its credit could be traded on the open market and used to repurchase debt.

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