The 20% APY stablecoin yields popping up everywhere are red flags.
Sustainable stablecoin yield sits between 5-12% depending on market conditions. Anything higher is either an unsustainable blip, temporary reward boosting, or risk you haven't calculated.
AAVE's "boring" 3-4% exists for a reason, it's actually sustainable. When protocols promise 20%+ without clear revenue sources, be careful.
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