Onchain yields are dead. RWAs ate them. Two years ago, the highest yields were pure DeFi: Ethena funding, lending, LP fees, and token incentives. Most of that has compressed to near T-bill rates now. Neutrl/Maple/USDai have one thing in common: bringing yields from outside the chain. They are gro
@0xzergs·2026年6月10日·ネガティブ
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Pure DeFi yields have compressed to near T-bill rates, while RWA protocols like Neutrl, Maple, and USDai are growing by bringing external yields onchain.
