dHedge currently holds a portion of the Tether Gold isolated debt in multiple vaults.
Given the debt ceiling has been reached, there is no capacity for us to further grow deposits.
Can the debt ceiling be increased?
Can the debt be cross-collateral (not isolated)?
It’s not clear what the reason is behind such a low cap and isolation mode.
I imagine it’s XAUt liquidity related, but given the token is backed by gold and uncorrelated to crypto, the risk analysis should be treated differently.