#RWA #Defi Japan's interest rate hike, is it actually good for "RWA & Fixed Income DeFi"?

When people mention interest rate hikes, the first reaction is often that "risk assets will suffer." However, if we shift our perspective to on-chain, it may actually be structurally beneficial for RWA & Fixed Income DeFi:

• Offline interest rates rising → Various bonds and notes yield better returns

• RWA protocols bringing these assets on-chain can offer more competitive yields

• In a "high interest + high uncertainty" environment, stable cash flow assets will become increasingly popular

View on BTC:

• In the short term, we still need to respect the pricing of "risk assets," which may be cut together;

• In the medium to long term, if fiat systems frequently raise interest rates, experience inflation and volatility, the allocation value of BTC as a "borderless asset" may be re-evaluated by mainstream institutions.

My thoughts:

• Reduce leverage,

• Mainstream assets like BTC/ETH as a base,

• Allocate a small portion to reliable RWA/fixed income DeFi for "on-chain bonds."

Which leg do you see as more promising on-chain now: high-yield DeFi or honestly holding BTC?