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:
1 reply
0 recast
2 reactions
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.
1 reply
0 recast
0 reaction
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.
1 reply
0 recast
0 reaction
