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As typical crypto lending rates fall below US Treasury yields, DeFiLlama data shows DeFi platforms' total value locked is $60B, down from $182B in Dec. 2021 (Eva Szalay/Bloomberg)

Photo of Grace Will Grace Will September 13, 2022
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Eva Szalay / Bloomberg:

As typical crypto lending rates fall below US Treasury yields, DeFiLlama data shows DeFi platforms’ total value locked is $60B, down from $182B in Dec. 2021  —  Cryptocurrencies are facing a new threat: the lure of Treasuries offering a similar payout for a whole lot less risk.



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