IntoTheBlock

Tether announced a $147.5 million rescue package for Drift this week, aimed at supporting affected users through a transferable recovery token that represents a claim on a recovery pool funded by ongoing Drift exchange revenue.

Here are this week's key DeFi metrics to track.
✔️CDOR rates are converging, suggesting users are assigning similar risk to both stablecoins.
✔️Available Stablecoin supply has been declining as users add leverage in anticipation of more favorable market conditions.

Bitcoin recorded $1.90B in exchange outflows this week alongside a sharp price recovery.
The recovery was driven by Iran ceasefire signals restoring risk appetite across markets and progress on the CLARITY Act.

There are currently over 207k unique addresses holding tokenized stock, an increase of more than 15% in the last 30 days.
source: @RWA_xyz

Institutional DeFi strategies are built around capital efficiency and risk management.
One example is supervised loans: using BTC or ETH as collateral to borrow stablecoins and deploy into secondary yield strategies.
Here’s a simplified example of how these strategies work ↓