I’m also curious if there are any insights into why supplies and borrows plummeted in November. If this has already been discussed can you provide me a link? Thanks!
Hi @cryptocurious.
Upon initial analysis, it appears that the situation was significantly influenced by a whale withdrawing their liquidity, specifically through closing borrows and withdrawing supplied FRAX. We’re looking into the details to understand why this happened, but at the moment, it looks more like a one-off decision rather than a common trend among users. We’ll keep you posted if we learn more.