Sean C
@cove
Almost every dollar of yield in the world is tied to the Fed. But what if it didn't have to be? A short post on the rise of non-rate-correlated yield and why stablecoins are the unlock:
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Sean C
@cove
Most people chase yield when rates are high and take too much risk when rates fall. What we're missing is a third path: structural yield on USD not based on interest rates, but on economic activity itself.
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Sean C
@cove
This kinda of yield is almost non-existent in TradFi. But with stablecoins, it's now possible to have programmable dollars earning fees on open networks. No leverage and no central bank.
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Sean C
@cove
I briefly walk through this concept and touch on how we're building towards it with Crowd Liquidity @eco. This category is still early but I believe the opportunity is massive. https://open.substack.com/pub/capitalcontrol/p/productive-dollars?r=7376l&utm_campaign=post&utm_medium=web
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