The End Game for DeFi (Uniswap, Curve, Aave, & more) | EP 10
Good Game
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Structured Products - The First Mover
Ribbon was the first structure product project that we came across. So I believe they're actually the first mover and unsurprisingly, a ribbon is still number one in the space. Part of the reason why DeFi yield has gone or DeFi volume has gone down is because the competition from the US Treasury, which is currently yielding at almost 5%. There's actually very few assets around the world that are better than US Treasury right now.
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