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Quick tweet on $YFI.
Liquidity is generally understood as a commodity that flows across venues for the best return. With that said, the assets ($USDT, $USDC, $DAI) have liquidity premiums.
Liquidity is generally understood as a commodity that flows across venues for the best return. With that said, the assets ($USDT, $USDC, $DAI) have liquidity premiums.
The more liquid USDT and the reach of this liquidity (integrations) is a moat for the tether minting facility. At Delphi, we see yearn as not just a supply-side aggregator, but a ‘smart’ stablecoin (or even a ‘smart’ asset) minting facility with the strongest AUM incentive (APY)
...to grow its minting capabilities.
Eventually, as the stack around $yUSD grows (Snow Swap and $syUSD) and frictions decrease, liquidity around $yUSD will help solidify yearns moat. This is also reflexive in the sense that demand for holding $yUSD will pull in more supply.
Eventually, as the stack around $yUSD grows (Snow Swap and $syUSD) and frictions decrease, liquidity around $yUSD will help solidify yearns moat. This is also reflexive in the sense that demand for holding $yUSD will pull in more supply.
Be sure to check out our Delphi Daily on this topic! https://www.delphidigital.io/reports/smart-stablecoins-and-its-emerging-stack/">https://www.delphidigital.io/reports/s...
