“They will offer an extremely attractive ~20% APR [annual percentage rate], which will ignite DeFi capital rotation into the Near ecosystem, siphoning the total value locked from other alternative layer-one protocols,” Kole said in a Substack post. “This will lead to a comparison of Near to Terra (LUNA) as the narrative for attractive stablecoin yields proliferates.”
Related posts
-
Unveiling Bitcoin’s Drop To $65,000: Here’s How Much BTC Miners Sold
Bitcoin has faced a significant amount of selling pressure over the past week, according to the... -
Top US Crypto Exchange Coinbase Rolls Out Support for New Native Token of Pirate-Themed RPG Built on Ethereum
Coinbase has launched support for the newly issued native token of a pirate-themed, role-playing game built... -
Finance Titan Bernstein Predicts Bitcoin At $1 Million, Here’s When
In an analysis released Thursday, leading global investment firm AllianceBernstein with assets under management worth $725...