According to analyst Togbe, Wu Blockchain has learned that the largest position holder of yUSD, launched by YieldFi and currently valued at $158 million, is deposits placed in a Morpho Vault named ABRC. The only supply position is in the yUSD/USDC market, with the main borrowers using leverage to amplify yUSD in the Morpho and Euler markets. The second-largest position holder is a looping mHYPER position, which is currently yielding negative returns. YieldFi accounts for over 10% of mHYPER's TVL, with mHYPER lending against yUSD on Arbitrum, while the second-largest allocation is Stream Finance's xUSD. Analyst Togbe pointed out that a chain of looping loans is supporting multiple yield vault markets. When considering liquidity conditions, for instance, if yUSD deposits cannot be fully redeemed, mHYPER users will suffer losses in their lending. Notably, during the October 11 incident, $50 million in yUSD flowed out. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=50847