吴说区块链|Nov 30, 2025 13:40
"The Brutal Truth About DeFi: Stablecoin Yields Collapse, Welcome to the Era of Risk" (Author: Justin Alick)
As token prices drop, TVL shrinks significantly, investor risk appetite disappears, protocols cut incentives, and traditional finance risk-free rates rise, DeFi stablecoin yields have generally fallen to low levels or even zero. The sustainable yields now mainly come from real revenue (such as transaction fees and spreads), no longer carrying the "risk-free high returns" characteristic of the past. Overall, DeFi yields have returned to reality, and the industry must face structural adjustments after the disappearance of unsustainable incentives.
Read the full article: https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=47&id=52706
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