Fed's hawkish tone and its implications for stablecoin yields

The recent hawkish rhetoric from the Fed, even after a somewhat mixed jobs report, really makes me wonder about the sustainability of some of these higher stablecoin yields. If the dollar strengthens further, which seems likely with $GBP at 0.81345, the risk-free rate will keep climbing. It's getting harder to justify certain DeFi plays without a serious re-evaluation of the underlying collateral and smart contract risk.

I'm watching how protocols adjust their lending rates. The squeeze on lower-tier projects could be significant. It's not just about $KESUSD movements anymore; the broader sentiment against duration risk is palpable.