5/ There are some points I can offer as a counter
- Based on what I've seen in Discord & AMAs I believe the team (including @d0h0k1, @3william5chen & others) is well aware of some of the risks he mentions
6/ - the rates of borrowers fluctuates (like all lending protocols). The 4.6% Compound rate mentioned in also varies
One can maybe argue that the $ANC incentives - which are programmed to encourage more borrowing - just haven't kicked in yet
7/ Remember
- it's designed so lenders earn a stable 20% (FYI your #TradFi savings accounts funds are lent out too), but
- borrowers still face fluctuating rates (the interest owed on borrowed funds & interest incentives received to encourage borrowing) in @anchor_protocol $ANC
8/ As for creating resilient & sustainable #DeFi tokenomic incentives - this is a legitimate concern for all projects. Idk if anyone has the "right formula" or total confidence of what works long-term because it's such a new field