lending markets is underpricing desk risk limits — deFi angle: drawdown recovery is support

When lending markets and NFT liquidity disagree, sizing down beats inventing a clever story.
That debate sits next to today’s market focus around “ETHGas wants to bring Wall Street to public Ethereum by selling advance block reservations.”
Mapping drawdown recovery against restaking is a simple way to stress-test a thesis.
Meanwhile, restaking can either confirm the move or expose it as temporary.
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