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$blend is pretty much the same as $loop on Base—there’s really no difference.
Both take Uniswap v4’s segmented LP depth as the source for ETH lending, and design the repayment/liquidation/replenishment band as a closed loop.
The pool simultaneously serves as both an AMM and a lending market.
A market cap of 40k was monitored via the Uniswap v4 channel; after looking for information for a long time, only 100k was considered safe to list—currently it’s already doubled.