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Impact of $ETH Staking Yields on Stablecoin Demand
With $ETH staking yields remaining attractive, does this siphon liquidity from stablecoin yields or have any discernible impact on overall stablecoin demand within the DeFi ecosystem? Or are the user bases largely distinct?
1 comments · 11 points
I've been wondering the same thing. My gut says there's definitely some overlap, especially for the more yield-seeking users. Why earn 5% on a stablecoin when you can get 3-4% on ETH with potential appreciation?