DeFi gold products deliver sub-1% yields while traditional finance earns 3%-5% on the same asset. Token printing and forced complexity destroy returns.
Opinion by: Shaaran Lakshminarayanan, co-founder of Mulitipli
DeFi gold products are fundamentally broken.
Despite Tether Gold having more than $800 million locked in tokenized gold with Paxos Gold sitting on almost as much, yields average under 1% while traditional finance generates 3%-5% on the same asset. The supposed innovation of blockchain technology somehow made gold less profitable.
