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Yield Made Simple.
Jan 1, 2023 9 tweets 3 min read
Celsius. FTX. BlockFi. Hodlnaut. Voyager. Anchor. Vauld. What do these companies have in common, and why in a time of unprecedented interest rates are real DeFi yields so low? Here is a short 🧵 about how Stream will bring money markets to DeFi👇 1/ Lending platforms tried to make money in crypto by giving low interest loans to its own users while loaning out assets at higher interest rates to others. Instead of this $ being invested, it was largely lent out again, leading to interdependent debts / contagion