#RWA #研报 #百倍币计划

Continue with the previous one RWARWA介绍及背景

Currently, RWA can be divided into stable coins, private credit, stocks and bonds, real estate, carbon credit certificates, metals, etc. according to the nature of the assets and the way they are tokenized.

RWA+DeFi’s continued sluggish yield cannot meet the growing income needs of crypto users. During the DeFi Summer period, the high yields in the bull market can satisfy the income needs of crypto investors. However, after experiencing major market shocks and a sustained bull market, DeFi’s TVL has dropped by more than 70% from the high point in December 2021, and DeFi’s yield has fallen to the bottom. DeFi protocols or crypto investors need a new income Growth channels. From this perspective, it is not difficult to understand why on-chain U.S. debt is the hottest trend in the RWA track recently. As the Federal Reserve continues to raise interest rates, the yield on investing in U.S. bonds is much higher than that on DeFi protocols. The general yield of established DeFi protocols such as Curve, Aave and Compound has dropped from the highest of over 10% to 0.1-2%, while the yield of U.S. bonds has increased from 0.3 to 5%. The latter does not have as many protocol security risks as the former. In addition, in the long run, the story of RWA opening up traditional finance and crypto-finance does bring a lot of room for imagination.

Next time I will share what projects are on the RWA track, follow me so you don’t get lost in the currency circle🦉