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A month ago when I was writing jrUSDat, I really didn't expect STRC to drop to $75
Behind the high yield is the credit risk of STRC, and jrUSDat is essentially a bit like a leveraged $STRC
At that time, the PT deposited in Pendle was worth 3400U
Now it's only 700U left, a bit dazed
...
I used to say that 1U is still U, but now I've been taught a lesson directly
I hope STRC can slowly recover🥹