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So the SEC said no to 4% yields on stablecoins…..but they didn’t say shit about 40,000% yields on extremely risky pool 2
6/ Product
This is important because:
A) There is a clear link between platform value capture and token value accrual
B) This is non-subsidized (no ponzinomics here)
C) Actual dividends in stablecoins reduce volatility of returns (you don't need to form a view on Sushi's price)