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Yield products keep disappointing investors

23d ago
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DeFi gold products deliver sub-1% yields while traditional finance earns 3%-5% on the same asset. Token printing and forced complexity destroy returns.

Opinion by: Shaaran Lakshminarayanan, co-founder of Mulitipli

DeFi gold products are fundamentally broken. 

Despite Tether Gold having more than $800 million locked in tokenized gold with Paxos Gold sitting on almost as much, yields average under 1% while traditional finance generates 3%-5% on the same asset. The supposed innovation of blockchain technology somehow made gold less profitable.

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23d ago
bullish:

0

bearish:

1

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