The Brutal Truth of DeFi: Stablecoin Yields Collapse, Welcome to the Era of Risks (Author: Justin Alick) As token prices fall, TVL shrinks significantly, investors' risk appetite disappears, protocols cut incentives, and the risk-free interest rates in TradFi rise, DeFi stablecoin yields have generally dropped to low levels or even dropped to zero. Currently, sustainable yields mainly come from real income (such as transaction fees, interest spreads), no longer exhibiting the past characteristic of "risk-free high returns." Overall, DeFi yields have returned to reality, and the industry must face structural adjustments after the disappearance of unsustainable incentives. Read more:
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The Brutal Truth of DeFi: Stablecoin Yields Collapse, Welcome to the Era of Risks (Author: Justin Alick) As token prices fall, TVL shrinks significantly, investors' risk appetite disappears, protocols cut incentives, and the risk-free interest rates in TradFi rise, DeFi stablecoin yields have generally dropped to low levels or even dropped to zero. Currently, sustainable yields mainly come from real income (such as transaction fees, interest spreads), no longer exhibiting the past characteristic of "risk-free high returns." Overall, DeFi yields have returned to reality, and the industry must face structural adjustments after the disappearance of unsustainable incentives. Read more: