The State of DeFi RWAs in Q4 2023
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The biggest narrative in crypto this year has been the hunt for yield.
Fees paid by users to transact on Ethereum, accruing as Staking Rewards
The short term dollar interest rate, captured by investing stablecoin issuance proceeds in US treasuries or similar TradFi products - RWAs
Fees paid by users to use DeFi apps, which are redistributed …