DeFi Pitfall Diary: When using lending protocols, you need to check the borrow-to-deposit ratio first!

Last night, a community member saw a mining opportunity with a 77.59% APR on USDC. After confirming that the project had not been hacked, they cross-chain deposited into it.

This morning, they found that they could not withdraw it. Upon reviewing the project's Discord information, they discovered that it was due to a vulnerability where the borrowed amount exceeded the deposited amount.

It is estimated that this fund may not be recoverable.

Another community member said: You need to check the borrow-to-deposit ratio first!