There's too much capital chasing too little crypto yield at the moment. I think we're about to go through a tvl down cycle: interest rates decline -> tvl churns -> interest rates increase DATs allowed basis rate to stay expanded and increased $ value of oi via price increase

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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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