1/ 🛡️We are pleased to share our analysis on yield-bearing stablecoin protocols with cases @ethena_labs and @usualmoney.
🧵Here is an easy-to understand thread of our research
5/ Risk
For Usual Money, the yield of USD0++ comes from US Treasury bonds.
In the bond market, a longer duration is usually compensated by a higher yield, while the potential yield of USD0++ is only the level of short-term US Treasury bonds.
6/ The full article can be found through this link:
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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