PANews reported on March 31 that DefiLlama recently compared the Aave stablecoin's APY with the Federal Reserve's Federal Funds Rate ( FFR ) and the median interestPANews reported on March 31 that DefiLlama recently compared the Aave stablecoin's APY with the Federal Reserve's Federal Funds Rate ( FFR ) and the median interest

Aave stablecoin yields have long fluctuated around the Federal Reserve's interest rates, while bank deposit rates have become the lower bound for DeFi yields.

2026/03/31 18:59
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PANews reported on March 31 that DefiLlama recently compared the Aave stablecoin's APY with the Federal Reserve's Federal Funds Rate ( FFR ) and the median interest rate of US bank deposits. Historically, Aave's lending rate has fluctuated around the FFR multiple times, while US bank deposit rates generally form a "floor" for DeFi yields. When bank deposit rates approach zero, DeFi stablecoin yields may also approach zero. Several industry participants pointed out that DeFi yields need to compete with traditional financial deposit rates, and the portion exceeding bank rates mainly reflects on-chain credit and liquidity risk premiums.

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