@wizhnj

Narratives move crypto more than tech. But here’s a new one: real-world value backing digital value. RWA protocols like Ondo, Maple, and Superstate are tokenizing treasury yield, private credit, and real estate. For the first time ever, DeFi yields are competing with TradFi yields on equal footing. But this creates a fundamental philosophical crisis: if the most valuable crypto assets are pegged to traditional assets, are we actually building a new system—or just wrapping the old one? RWA may be the bridge or the trap.

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