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Why Stablecoins Earn So Little in DeFi
There is a glut of stable coins and crypto that earn way, way less than the risk free rate. And I think people are mostly okay with that where they're saying, Hey, I'll just earn 1% or 2%. That's more money than you're expecting to make off for rates anyway. People want to have their stablecoins available to buy the dip or like invest in crypto.