Module 1 · Lesson 1 · 9 min

Utilization is the price of liquidity

What you'll be able to do

  • Explain what a rate spread is, when this course calls something arbitrage, and which spreads your policy page lets you open.
  • Calculate utilization and idle cash for one market, and see why a "USDC utilization" across venues can't be acted on.
  • Spot the two tests a withdrawal must pass: the pool's idle cash, and your health factor if you also borrow.

This course is for members.

The DeFi University membership on Skool opens all 31 courses here, plus the live calls and community. Private coaching clients have access too.