In two days, multiple whales have collectively swept away over 610,000 LINK, of which 510,000 were thrown into Compound.

This method resembles the familiar capital curve of 'taking spot, mortgaging to borrow stablecoins, and then nesting'.

If on-chain lending rates rise, the leverage chain will become even tighter.

I will keep an eye on the lending/borrowing spread and liquidation threshold of LINK; once the forced liquidation chain is triggered, the pace will be very fast.