On-chain leverage ratio climbed to ~38%, matching 2021 levels, driven largely by TVL compression rather than renewed borrowing demand.
@just
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Details include:
1. The provision for sanctions waivers on oil sales takes effect immediately upon signing.
2. This also covers essential services, including banking, transportation, and insurance needed to facilitate the sales.
3. Iran is expected to receive immediate sanctions relief upfront, with further relief tied to its compliance.
@just
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