DeFi Revitalized by Growing Attention Towards US Treasuries and Real-World Assets, Reports Analytics Firm IntoTheBlock

Market intelligence firm IntoTheBlock reports a boost in decentralized finance (DeFi) from US treasuries, stablecoin yields, and real-world assets. 

Lucas Outumuro, Head of Research at IntoTheBlock. Highlights the impact of MakerDAO’s 8% yield on stablecoin Dai (DAI). Which attracted $1 billion in deposits within a week, rekindling DeFi interest. The DAI savings rate (DSR) increase is funded by Maker’s revenues, largely originating from US treasuries, signaling a noteworthy shift in Maker’s dynamics. 

Additionally, exposure to real-world assets like treasuries brings a fresh narrative to DeFi, evidenced by DAI supply and DSR growth. Notably, Maker’s governance token MKR surged 35% in a month, driven by accumulation from significant holders. IntoTheBlock underscores the lasting implications of competitive DSR rates, making sustainable yield-generating stablecoins pivotal for lending protocols, DEXs, and broadening DeFi’s user base.

Clever Robot News Desk 15^th August 2023