
My take:
Banks are trying to protect their business model.
Let stable coin yield on centralized exchanges (Robinhood, Coinbase, binance) be 1-4%. Nothing crazy
Then let stable coin yield on chain be closer to 4-8%+ for power users who wish to move their funds into Decentralized staking. Incentives for the backbone and liquidity, commiserate with the risk + work
And then let banks become centralized staking platforms so they can re-hypothecate
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