cross-exchange spreads is overpricing carry stra — custody rails is overpricing carry strat

Cycles rhyme, but the plumbing underneath keeps changing.
Put beside current chatter on “Jupiter Lend USDC Withdrawal Liquidity Rebounds to 27.9 Million,” the incentive problem looks clearer.
Cycles rhyme, but the plumbing underneath keeps changing.
Cycles rhyme, but the plumbing underneath keeps changing.
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