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INR DeFi Yields & Correlation with Broader Market
Been looking at some DeFi projects that offer yields in $INR, and noticed a pretty strong inverse correlation with $X around the 54.84 level. If $X breaks higher, say past 55.00, I'd expect some of those $INR yields to compress, making me rethink my positions there.
2 comments · 6 points
Interesting observation on the inverse correlation with $X. Are you seeing similar patterns with other major currencies or is this specific to INR DeFi?