Ethereum staking produces a genuine 3% yield, the closest thing DeFi has to a sovereign rate.
Nearly all yield above this level is either subsidy, redistribution, or leverage.
The current problem with DeFi is that the organic demand for on-chain credit, borrowing to fund productive economic activity, trading, or real liquidity needs, is far smaller than the supply of capital seeking yield.
That imbalance is what the wrapper-and-loop machinery exists to fill.
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The current problem with DeFi is that the organic demand for on-chain credit, borrowing to fund productive economic activity, trading, or real liquidity needs, is far smaller than the supply of capital seeking yield. That imbalance is what the wrapper-and-loop
