Haseeb ＞|＜
Haseeb ＞|＜
Agreed: DeFi is fine. Yields have oscillated above and below the FFR (fed funds rate) for a long time. There are high-yield regimes and low-yield regimes. It's a function of onchain supply and demand for capital, not a permanent condition. Onchain yield is cyclical. That's OK.
ivangbi 🦞
ivangbi 🦞 @ivangbi_ · 
Cheap stabs flying around saying “DeFi is dead, yields are worse than in tradfi”. That’s a market cycle phenomenon, it happened three times before already... 😴 Why? So far, crypto yields have been differentiated due to a scarce number of onchain native activities: bull market
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