POPA Recon💰On-chain to RWA: a new foundation for DeFi redesigned by profitable stablecoins
💰On-chain to RWA: a new foundation for DeFi redesigned by profitable stablecoins 🟠sUSDe supplies have plunged, while funds have flowed into lower-yielding USYC and sUSDS. Rather than capital flight, selection criteria have changed within the same market. 🟠The criteria for separating assets are no longer APY. It is becoming more important whether it can be adopted as collateral, savings products, and reserves. 🟠S&P gave Sky the first DeFi protocol credit rating. 🟠Ethena is in the process of transitioning from synthetic to hybrid, overhauling its collateral structure in April 2026. It has be…
The excerpt is quoted from a public Telegram channel, which owns its text.