Removing token incentives would drop Fluid USDC yield by ~40%. Tell me capital would not rotate. Bitcoin runs at a massive loss under that same metric (issuance > revenue). The difference is value capture to token holders.

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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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