Part 6/10:
Stablecoins: Borrowing rates have dropped significantly from around 12% in January to about 5% by late May, driven by a reduction in overall demand.
Bitcoin: On-chain borrowing has remained stable, primarily involving wrapped Bitcoin (WBTC) as collateral, whereas off-chain rates for direct Bitcoin borrowing are consistently higher due to unique trading demands.
Ethereum: Borrowing costs for ETH tend to align closely with staking yields, making it a focal point for leverage trading activities.