🚨 DeFi stablecoin yields are no longer beating U.S. 2-year Treasuries.
On $AAVE , the USDT/USDC, and sky's sUSDS, most of the returns are only a little above 3%; meanwhile U.S. 2-year Treasuries are at 5%+.
The liquidity premium in crypto is basically gone.
This is the tragedy of a zero-sum game: no incremental growth—only internal competition.
From this perspective, in the short term, the coin prices of $AAVE and $SKY really do look hard to turn around.
It’s not that the narrative isn’t good enough—it’s that the water level is dropping.
#DeFi #稳定币 #AAVE #SKY
(Not investment advice)
On $AAVE , the USDT/USDC, and sky's sUSDS, most of the returns are only a little above 3%; meanwhile U.S. 2-year Treasuries are at 5%+.
The liquidity premium in crypto is basically gone.
This is the tragedy of a zero-sum game: no incremental growth—only internal competition.
From this perspective, in the short term, the coin prices of $AAVE and $SKY really do look hard to turn around.
It’s not that the narrative isn’t good enough—it’s that the water level is dropping.
#DeFi #稳定币 #AAVE #SKY
(Not investment advice)
