The recent adjustment by the Federal Reserve, raising interest rates to the 3.75%-4.00% range, has reshaped the performance map for global capital. With the U.S. Treasury one-year bond offering a 4.45% risk-free return, pressure on yields in crypto lending protocols and DeFi is evident. What happens now to the opportunity cost? ๐๐
When safe sovereign assets pay such attractive returns, institutional and retail investors rethink their exposure to risk in smart contracts. Itโs no longer enough to beat a base return; the technological risk must be justified against government debt.
What to watch in the coming weeks: the evolution of TVL on decentralized lending platforms and the reaction of capital flows toward tokenized fixed-income products. The market is entering a maturity phase where real utility and macro risk management take the lead.
Do you think DeFi will compete by offering higher yields, or will we see a temporary migration toward traditional debt? Iโm reading your comments. ๐
#Macroeconomia #DeFi #Bitcoin #Rendimiento #Crypto