DeFi Pitfall Diary: When using lending and borrowing protocols, you need to check the borrow-to-lend ratio first! Last night, a community member @dxh430 saw a mining opportunity with a 77.59% APR on USDC. After checking that the project had not been hacked, they deposited across chains. This morning, they found they couldn't withdraw, and upon reviewing the project's DC information, discovered that the amount borrowed exceeded the amount deposited due to a vulnerability. It seems this fund is unlikely to be recovered. Another community member said: You need to check the borrow-to-lend ratio first!
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