DAO treasuries, the "indigenous crypto-native institutional investor," have faced a number of problems that institutional capital can avoid, Ainsley To writes.
Crypto investors now effectively lend $614 million to the U.S. government via different tokenized Treasury products, according to real-world asset data firm RWA.xyz.
The annualized percentage yield from providing stablecoin liquidity on Curve's 3pool, also known as DeFi's savings bank account, is nearly 250 basis points less than the yield...