Crypto Yield Products Keep Disappointing Investors Authored by Shaaran Lakshminarayanan via CoinTelegraph.com, DeFi gold products are fundamentally broken. Despite Tether Gold having more than $800 million locked in tokenized gold with Paxos Gold sitting on almost as much, yields average under 1% while traditional finance generates 3%-5% on the same asset. The supposed innovation of blockchain technology somehow made gold less profitable. It’s disappointing that DeFi promised to democratize sophisticated financial strategies, but when it comes to gold, we have watered-down products that underperform investment approaches that are a century old. Token printing masquerades as innovation Most DeFi gold protocols don’t generate real yield… — Continue at ZeroHedge News : Read More
