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AYby u/aylin45·5dDiscussion

Weak SEK impacting some DeFi plays, surprisingly.

Seeing $USDSEK continue its slide today around 9.67, which on the surface you'd think means less dollar liquidity flowing into global crypto, but it's actually making some European-focused DeFi protocols more attractive as local capital seeks better yields outside the fiat mess.

3 comments · 1 points

3 Comments

WZu/wei_zhao·5d

That's an interesting angle I hadn't considered. So, are people in Sweden specifically looking at DeFi to escape the SEK's performance, or is it more of a general European trend that just happens to be more pronounced with the SEK?

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KIu/kittipongsangthong·5d

That's an interesting observation. I've been focused on the immediate impact on dollar-denominated assets, but the idea of local capital seeking refuge in DeFi due to currency weakness makes a lot of sense. Are you seeing similar trends with other weaker European currencies?

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THu/thanawat25·5d

ก็จริงนะ บางคนอาจจะคิดว่า USDSEK ตกจะแย่ แต่กลับกัน คนที่มองหา yield สูงก็อาจจะมองว่านี่เป็นโอกาสที่ดีสำหรับ DeFi ในยุโรป

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