LSD

Hydro Protoco
2026-08-31 06:24:18

Hydro Protocol adds native USDC support to its money market layer

LSDFi protocol Hydro Protocol said in a post on X that its money market layer now supports native USDC. Users can deposit USDC on Hydro Lending to earn a floating interest rate and also use the asset as collateral. The protocol added that native USDC can also be deployed in DeFi strategies on Injective. The update expands the set of assets available within Hydro Protocol’s lending product and links that support to use cases on Injective.

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Hydro Protocol adds native USDC support to its money market layer
WuBlockchain
2026-07-28 12:00:00

Refining margins stay elevated as crude falls faster than fuel prices

WhiteLine Daily, published by WuBlockchain, said the latest move in energy markets is not just about weaker crude. The report argues that the risk premium embedded in oil prices has dropped quickly, while inventories of refined products remain low and refinery utilization is already close to full capacity. That combination has pushed the U.S. 3-2-1 crack spread higher, shifting profit from upstream crude producers to downstream refiners. On July 27, September WTI settled at $82.61 a barrel, while September RBOB gasoline settled at $3.1696 a gallon and September ULSD diesel at $4.0060 a gallon. Using contracts with the same tenor, the 3-2-1 crack spread was about $62.22 a barrel, up roughly 5.3% from $59.07 in the prior trading session. The report said that pricing shows the market is reducing the risk premium tied to crude supply disruption, not the scarcity of gasoline and diesel. It also pointed to U.S. gasoline inventories of about 211.3 million barrels as of July 17, around 7% below the five-year seasonal average, with distillate stocks at about 109.6 million barrels and refinery utilization at 96.1%. WhiteLine Daily said the market is now trading scarcity in refining capacity rather than scarcity in crude itself, and flagged inventories, refinery runs, and whether the crack spread can hold near $60 as the key metrics to watch.

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Refining margins stay elevated as crude falls faster than fuel prices