Well, it's been a slow week. Rates are low, but that's nothing new. With rates in TradFi set to rise significantly above the rates on Compound and Aave, I don't think things can continue like this for too much longer. There's only two ways rates go up - either more people borrow or fewer people lend. I don't think we're going back to a bull market any time soon, so I would put my money on people pulling their stablecoins off of Compound and Aave in favor of other opportunities.
Weekly Interest Rate Roundup: May 24 - May 31
Weekly Interest Rate Roundup: May 24 - May 31
Weekly Interest Rate Roundup: May 24 - May 31
Well, it's been a slow week. Rates are low, but that's nothing new. With rates in TradFi set to rise significantly above the rates on Compound and Aave, I don't think things can continue like this for too much longer. There's only two ways rates go up - either more people borrow or fewer people lend. I don't think we're going back to a bull market any time soon, so I would put my money on people pulling their stablecoins off of Compound and Aave in favor of other opportunities.