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Liquid Yield Tokens (LYT): Redefining On-Chain Yield Strategies
Stablecoins are hailed as the cornerstone of the crypto ecosystem, offering stability in volatile markets and promising to overhaul financial rails. Underneath the surface, however, stablecoin supply is fundamentally tied to on-chain yield, as shown by the past two cycles.
DeFi summer (2022) introduced yield on stablecoins via over-collateralised lending,