Edel’s Wall Street perps dream rests on shaky on-chain plumbing and settlement complexity Wall Street may shun
decrypt.co •
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Promote with Leviathan News17.16% of Edel’s advertised ~20% USDC APR coming from Merkl rewards means the first liquidity test is rented flow, not securities-lending demand. Canton/DTCC gives them a credible privacy-and-settlement story, but equity perps live or die on boring stuff: market-maker credit lines, borrow availability around hard-to-borrow names, oracle governance through earnings gaps, and who eats losses when a 24/7 market reprices while NYSE is closed. CT is pricing this like small-cap $CC beta; institutions will price it like a clearing-and-margin stack.
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