The field that has been gaining a lot of attention recently is on-chain asset management. As mentioned in Vitalik's article "Why Low-Risk DeFi Could Be the Google Search of Ethereum," as well as with companies like DAT, stablecoin & RWA companies, the core idea is "making profits with digital assets." The leaders in this field are DeFi projects like Morpho, AAVE, Pendle, and Maple. And the main chain is Ethereum. According to Keyrock's "Onchain Asset Management" report, 94.3% of automated on-chain yield strategies are whales with over $1 million, while 4.9% are dolphins with $100,000 to $1 million. The scale of entry users is changing. Moreover, on-chain stablecoin management strategies have achieved an average annual percentage yield (APY) of 7.95%, surpassing the 4.67% of traditional financial groups (like Vanguard Federal Money Market Fund, iShares 1-5 Year Investment Grade Corporate Bond ETF). The fee of 1.5% is clearly a disadvantage compared to the 0.08% of traditional...
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