DeFi's Repricing: A 48-Hour Market Correction
Prior to April 17, lending stablecoins on Aave, a platform widely regarded as the gold standard of DeFi, yielded a 2.32% APY, while the Federal Reserve's overnight rate stood at 3.64%. This discrepancy implied that the market viewed an unregulated, open-source smart contract as a lower credit risk than the US Treasury. However, this mispricing was corrected within 48 hours. The market's repricing…
April 23, 2026, 4:30 p.m.