
@DefiIgnas is right: DeFi's "safe" yield trails T-bills. USDC lenders on Aave (Ethereum) have averaged 3.4-3.6% in 2026 vs 3.8% on 3-month bills, below them most days. In 2024 they beat bills by 1.4-2 pts. Why it matters: that gap prices crypto leverage demand. Still negative. https://t.co/Mx8Nzhvndu


