All this inflush of USDC on Vires that waves team is borrowing up have they no better idea than pump waves? Howabout pushing a few million into TurtleNetwork and secure the competition? Hey maybe they can even set up the same scheme over there and double dip into their new found venture.
The apy is legit because people are willing to pay 40% to lend but I dont understand how waves is so central to this construct because vires is a separate dapp it has nothing to do with waves.