It's a simple fact of life that DeFi yields are heavily subsidized. Counter-intuitively, this makes them more real than the bogus algorithmic yields of Terra Luna.
Who is funding the subsidy? Players with deep pockets vying for dominance: large VCs, Ripple, Tether,...
The acceptation of stablecoins as mainstream thanks to Trump just raised the stakes and justify the hundreds of millions spent as marketing.
I'm forced to conclude that the situation will sustain for a while and that the best thing you can do it take full advantage of it, just like we all did when Uber was uber-cheap in its growth phase.
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