DeFi's 48-Hour Reckoning: How the Market Repriced Risk
The lending landscape in DeFi experienced a seismic shift over the course of just 48 hours, as the market rapidly repriced the credit risk associated with these platforms. Until April 17, lending stablecoins on Aave, a benchmark for DeFi, yielded 2.32% APY, significantly lower than the Federal Reserve's overnight rate of 3.64%. This discrepancy implied that the market viewed unregulated, open-sou…
April 23, 2026, 4:30 p.m.