Another yield outlier is syrupUSDC on @maplefinance, currently at 4.28% base APY in a $3.3B pool (+68 bps above the T-bill).

That yield premium reflects in the demand for this asset as collateral in lending markets.
syrupUSDC and syrupUSDT deposited on Aave have grown from ~$200M in November to +$900M today.
Sources:
→ stableyields.xyz/outlier-finde...
→ dune.com/sealaunch/syrupusdc-a...…

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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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