The DeFi Market Underwent a Significant Repricing in Just 48 Hours
Until April 17, lending stablecoins through Aave, a widely regarded gold standard in DeFi, yielded a 2.32% APY, while the Federal Reserve's overnight rate stood at 3.64%. This implied that the market viewed an unregulated, open-source smart contract as a lower credit risk than the United States Treasury. However, this situation changed dramatically over the course of 48 hours. The market successf…
April 23, 2026, 4:30 p.m.