If CEX funding rates stay elevated through EOY (like now, with sUSDe yielding 12% APY), there's a real chance we'll cross $1B in Yield Paid Out.
Mid/Long-term thesis: YBS could capture 10-20% of the stablecoin market (currently at 5%).
Also - soon @stablewatchHQ will help you understand the risks behind these yields. Stay safe before that.
Most stables just sit idle.
But yield bearing stablecoins work while you wait.
New data from @stablewatchHQ shows over $688M in yield paid out so far, and $12B+ in supply.
Still a fraction of the $200B stablecoin market, but growing fast.
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