US Treasuries are paying more than some crypto lending products without the smart-contract risk.
The one-year Treasury yields 4.45%, while Coin Metrics found Aave USDC yields trailed it by 31 basis points on average and underperformed in 78% of measured intervals.
https://cryptoslate.com/why-risk-a-smart-contract-exploit-when-safe-us-treasuries-pay-better-crypto-yields/
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