IntoTheBlock

Join Sentora co-founders @jrdothoughts and @admff492 live today at 1 PM ET to discuss DeFi vaults, the evolution of the vault ecosystem, and what comes next.

Institutional DeFi strategies are built around capital efficiency and risk management.
One example is supervised loans: using BTC or ETH as collateral to borrow stablecoins and deploy into secondary yield strategies.
Here’s a simplified example of how these strategies work ↓

Here are this week's key DeFi Metrics👇
✔️The Resolv exploit has had a ripple effect through the market with TVL and Stablecoins supplies the most affected, resulting in -$1.18B and -$1.28B decreases
✔️Liquidations have dropped to $1M as users derisked to avoid Resolv contagion

Both Bitcoin and ETH saw significant outflows from exchanges this week, hinting at ongoing accumulation

Institutional DeFi strategies are built around capital efficiency and risk management.
One example is supervised loans: using BTC or ETH as collateral to borrow stablecoins and deploy into secondary yield strategies.
Here’s a simplified example of how these strategies work ↓

This chart provides an interesting perspective at corporate & government BTC holdings.
Most sits in funds, led by BlackRock’s iShares Bitcoin Trust. Public company treasuries are next, largely driven by MicroStrategy. Together, these groups now hold ~18.1% of circulating BTC.

BTC collateralized borrowing rates are consistently trending below US high-yield corporate bond yields, indicating markets are increasingly valuing BTC’s liquidity and global trading depth over its volatility.

Ethereum saw -$834 million in net outflows from exchanges this week.
Combined with ETH's positive price performance, this suggests active accumulation and tightening liquid supply