Aave USDG rollover faces negative carry
The February PT yields 2.98% annually, below USDT0, USDC and USDG borrowing rates, making leverage and external rewards decisive to the trade.
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The February PT yields 2.98% annually, below USDT0, USDC and USDG borrowing rates, making leverage and external rewards decisive to the trade.
The December market could keep borrowers' collateral working after the October tokens mature, but its current liquidity is small beside the position it may need to absorb.
The headline is the run rate, but the more interesting beat is the fixed-yield layer sUSDS now sits in: a Pendle vault clearing $44M in TVL in its first month changes who can underwrite Sky's…
Spot is sideways and altcoins are bear, but institutional rails — tokenization, custody, stablecoin plumbing — are being built out anyway, making carry strategies the default trade for patient…