For the leverage junkies amongst us, VERY interesting to check Lista's USD1 IRM set-up. Borrow rates even at 90% utilization are set to a mere 2.93% APY. This puts max-looped positions at optimal U at a VERY healthy 58% APY.

The source USD1 vault has a sizeable $162m in deposits with ~$31m liquidity available to borrow. This lets it support SIGNIFICANT (>$20m) size before IRM kink becomes a problem. That's a LOT OF LOOPING at EXTEREMLY LOW RATES that can happen.

PT-USDe's dual oracle set-up consists of: > 1 USDe == 1 USDT > Linear appreciation oracle and USD1 = USDT (within bounds) Which means NO LIQUIDATIONS from either USDe or USD1 price fluctuations. Which means you push that leverage button ALL THE WAY TO THE RIGHT (NFA ofc)