@gauntlet

Introducing Thaw Potential: How DeFi Can Unlock Value For $46 Billion in $USDC, an in-depth report analyzing onchain USDC flows. Topline findings: - $46B in idle $USDC - $1B+ yield per year in opportunity cost from net interest income - Yield vaults unlock new USDC use cases Circle's $USDC is one of DeFi’s most liquid assets: Circulating supply: $75B @ethereum: $45.5B L2s like @base.base.eth @arbitrum: $10B @solana: $10.8B DeFi opportunities for USDC yield: Idle USDC Ethereum, major Layer-2s, and Solana (minus Circle collaboration agreements, which earn off-chain yield) totals $31B. At conservative onchain yield market rates, that's over $1B in opportunity cost. Download the full report here: https://t.co/40Hvh4wHAE Fun fact: there is over $45M in $USDC in @farcaster wallets. Put that capital to work and earn yield. Idle is an opportunity cost.

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