# Сопутствующие статьи по теме Yield

Новостной центр HTX предлагает последние статьи и углубленный анализ по "Yield", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

The Beacon Has Arrived: ETHB Illuminates the Path to Ethereum's Institutionalization

BlackRock's iShares Ethereum Staking ETF (ETHB) launched on Nasdaq on March 12, marking a pivotal moment in Ethereum's institutional adoption. Unlike existing Ethereum spot products, ETHB integrates staking rewards, allowing investors to gain exposure to both ETH’s price and its yield-generating capabilities—addressing a critical gap in earlier offerings. Prior to ETHB, Ethereum spot ETFs failed to capture the asset’s core value proposition as a productive” asset with an annual yield of 3-5%. This structural mismatch contributed to sluggish institutional inflows compared to Bitcoin ETFs. Meanwhile, Ethereum’s underlying infrastructure adoption surged, with RWA supply growing 7x and stablecoin supply doubling since mid-2024, as institutions increasingly used Ethereum for tokenized assets and settlements. ETHB also challenges alternative structured products like digital asset trusts, potentially redirecting capital back to native ETH. The launch comes as Ethereum shows deeply undervalued signals—with MVRV below 1 and prices still below all-time highs—while maintaining low issuance (0.8% annually) and strong network utility. Ultimately, ETHB serves as a litmus test for institutional acceptance of Ethereum’s dual role as a yield-bearing asset and foundational layer for tokenized finance.

marsbit03/13 11:58

The Beacon Has Arrived: ETHB Illuminates the Path to Ethereum's Institutionalization

marsbit03/13 11:58

Strategy’s STRC Funds 7,000 Bitcoin Purchase as Experts Warn High-Yield Risks

Strategy has purchased 7,000 Bitcoin this week using funds raised through its high-yield preferred stock, STRC, which offers investors an 11.5% yield with monthly payouts. The company has bought over 11,000 BTC in the past two weeks and accumulated roughly 34,000 BTC since STRC’s launch. STRC is a perpetual preferred stock designed to trade near its $100 face value, though it has occasionally dipped below that level, prompting Strategy to raise dividends to attract buyers. Experts, including Two Prime CEO Alexander Blume, caution that high yields like STRC’s come with elevated risks, especially given Bitcoin’s volatility. Despite the risks, strong investor demand continues to fund Strategy’s rapid Bitcoin acquisitions.

TheNewsCrypto03/12 14:24

Strategy’s STRC Funds 7,000 Bitcoin Purchase as Experts Warn High-Yield Risks

TheNewsCrypto03/12 14:24

DeFi's Yield Winter: Liquidity Glut, Shrinking Leverage, and No Arbitrage Opportunities

The DeFi market is experiencing a "yield winter," with average stablecoin deposit rates on major lending protocols like Aave V3 falling below 2%—the lowest since mid-2023. This decline is driven by a structural imbalance: stablecoin supply has surged, with total market cap growing over 130% since early 2024, while on-chain demand has stagnated. Over 60% of deposited assets on Aave are idle, causing severe liquidity congestion and suppressed yields. Key factors include reduced leverage demand due to low perpetual funding rates, which disincentivizes arbitrage strategies, and diminished cyclical borrowing activity following the contraction of yield assets like sUSDe. Additionally, declining risk appetite in crypto has shifted capital toward safer, traditional alternatives like U.S. Treasuries (yielding ~4.24%), further draining DeFi liquidity. Amid the downturn, protocols like Sky (formerly MakerDAO) have differentiated themselves by integrating real-world assets (RWA), such as Treasuries and corporate debt, to offer stable yields above 3.75%. This shift highlights a broader trend: DeFi must evolve from speculative yield chasing to sustainable, diversified收益 models. The yield crunch may represent a necessary correction, setting the stage for future growth.

marsbit03/12 12:24

DeFi's Yield Winter: Liquidity Glut, Shrinking Leverage, and No Arbitrage Opportunities

marsbit03/12 12:24

Stablecoin Yields May Boost US Bank Deposits: Patrick Witt

Patrick Witt, executive director of the President’s Council of Advisors for Digital Assets, argues that the debate over stablecoin yields overlooks a broader macroeconomic benefit. Contrary to concerns from banking groups that yield-bearing stablecoins could drain deposits, Witt suggests that under the GENIUS Act framework, compliant stablecoins may actually bring new capital into the U.S. banking system. He explains that global demand for USD is significant, and when foreigners purchase U.S.-issued stablecoins, it represents net new capital entering American banks. This discussion occurs amid ongoing tension between policymakers, banks, and crypto firms regarding whether stablecoin issuers should be allowed to offer rewards or interest-like returns. Traditional banks, like the American Bankers Association, warn that such yields could threaten bank deposits and advocate for a level regulatory playing field. Crypto industry representatives counter that the GENIUS Act already imposes strict reserve requirements, mandating full backing by cash or cash-equivalents. Witt emphasizes that it is not the payment of yield itself that necessitates bank-like regulation, but rather the lending or rehypothecation of underlying funds—which the GENIUS Act explicitly prohibits.

TheNewsCrypto03/12 06:25

Stablecoin Yields May Boost US Bank Deposits: Patrick Witt

TheNewsCrypto03/12 06:25

Behind the 16% User Growth: A Review of Huobi HTX's February Report and Three Potential 'Catch-up Sectors' in the Post-Holiday Crypto Market

Huobi HTX February Review: User Growth Up 16%, Identifying Three Potential "Catch-Up Sectors" in the Post-Holiday Crypto Market Following the Spring Festival, the crypto market entered a new trading cycle. Capital began rotating from single hot sectors to multiple areas, with AI, privacy computing, DeFi, and stablecoin yields remaining active. Huobi HTX saw a 16% month-on-month increase in new registrations and ranked second in the industry for net monthly capital inflows. Its "Clean Assets" reserve climbed to a historic sixth place globally. The platform highlighted three key sectors with potential for growth: 1. **AI Meme Sector:** Projects combining AI narratives with meme culture, like those in the OpenClaw ecosystem, gained traction due to strong community appeal. Huobi HTX listed 14 new assets in February, including popular Base ecosystem AI Meme tokens like CLAWD, MOLT, and CLAWDCH. 2. **Privacy Computing & Tech Infrastructure:** Technical projects like the ZK protocol ZAMA and privacy infrastructure ESP (which saw an 80% surge post-listing) were launched. Other performers included Base DeFi project UP (+60%) and automation token ROBO (+92%). 3. **Stablecoin Yields:** As a hedge against market fluctuations, stablecoin earnings products gained popularity. Huobi Earn platform offered subsidized annual yields of up to 15% on assets like USDT and USDC, with its USDe product exceeding $100 million in holdings. Product upgrades included a new TradFi section offering derivatives for gold, silver, and crude oil, and the public release of its index price composition data for greater transparency. Globally, HTX Ventures participated in major conferences, and the platform advanced its expansion into markets like Pakistan following regulatory approval there. A large-scale trading competition with a $1.5 million prize pool also boosted user engagement. Concluding, Huobi HTX continues to expand its trading ecosystem through diversified assets, product optimization, and global布局 (layout), capitalizing on the market's recovery.

marsbit03/12 05:15

Behind the 16% User Growth: A Review of Huobi HTX's February Report and Three Potential 'Catch-up Sectors' in the Post-Holiday Crypto Market

marsbit03/12 05:15

‘Attempts to hijack the CLARITY Act are shameful’: Trump advisor slams banks

White House advisor Patrick Witt criticizes the banking lobby for opposing the pro-innovation CLARITY Act, calling attempts to turn it into an anti-competition bill "shameful." The dispute centers on stablecoin rewards, which banks argue create an uneven playing field and risk deposit flight, potentially reducing bank lending. Stablecoin issuers view restrictions as a threat to their business model and cite competition with China's digital yuan. Lawmakers propose limiting types of stablecoin reward activities as a compromise, but the bill's future remains uncertain without resolution.

ambcrypto03/11 08:17

‘Attempts to hijack the CLARITY Act are shameful’: Trump advisor slams banks

ambcrypto03/11 08:17

The Boundaries and Channels of Finance: The New Pricing Logic of Global Markets

The article "Financial Boundaries and Channels: The New Pricing Logic of Global Markets" explores the evolving relationship between traditional finance and decentralized finance (DeFi), focusing on the growing interest of asset management giants like BlackRock and Apollo in on-chain vaults and RWA (Real World Assets). It argues that while DeFi has adopted USDT/USDC as de facto standards due to their scale, this reliance on U.S. Treasury-backed stablecoins means DeFi is subject to external monetary policies without reciprocal influence. The piece highlights the absence of a native DeFi risk-free rate and examines past attempts, like algorithmic stablecoins, which failed to challenge this dominance. The author suggests that vaults and curators may become central to a new financial architecture, facilitating global capital flow and efficiency. However, these structures currently lack mechanisms for asset price inflation and face risks from code vulnerabilities and governance issues. The future may lie in broker-like channels that enhance capital fluidity beyond centralized exchanges, potentially leading to a more integrated and efficient global market system. Ultimately, the article concludes that while DeFi infrastructure matures, the real innovation opportunity resides in creating channels that enable seamless, scalable capital interaction, moving beyond traditional token economics.

比推03/11 06:44

The Boundaries and Channels of Finance: The New Pricing Logic of Global Markets

比推03/11 06:44

Bitmine Secures 60,976 Ethereum In Volatile Condition, But Here’s How They Are Making Money

Despite ongoing market volatility, Bitmine Immersion Technologies has significantly increased its Ethereum holdings, purchasing an additional 60,976 ETH valued at over $122 million. The company now holds over 4.53 million ETH, representing 3.76% of the total supply. While paper losses exist due to ETH's price decline, Bitmine generates approximately $174 million annually from staking rewards alone, regardless of market conditions. This staking yield model distinguishes Ethereum from Bitcoin's treasury strategy, which relies solely on price appreciation. Meanwhile, market analysts observe that Ethereum's price chart mirrors Netflix's historical pattern before a major surge, suggesting a potential significant upward move for ETH in the future.

bitcoinist03/10 21:02

Bitmine Secures 60,976 Ethereum In Volatile Condition, But Here’s How They Are Making Money

bitcoinist03/10 21:02

The Limits of Finance, The Channel Value of Global Markets

This article explores the evolving relationship between traditional finance and decentralized finance (DeFi), focusing on the growing institutional interest in on-chain vaults and real-world assets (RWA). While major asset managers like BlackRock and Apollo are investing heavily in DeFi tokens, the sector faces challenges, including liquidity crises and structural limitations. A central theme is the absence of a native DeFi risk-free interest rate. Despite multiple attempts—from algorithmic stablecoins to liquidity staking tokens—DeFi has largely adopted USDT and USDC for their scale, effectively making U.S. Treasury bonds the de facto benchmark. However, this dependency creates vulnerability, as DeFi cannot interact bidirectionally with traditional finance. The article argues that the next phase of DeFi will revolve around vaults—on-chain repositories that aggregate assets and yield. These vaults, managed by "curators," aim to offer fixed-rate products and credit systems but currently lack mechanisms for asset price inflation and clear risk management. The piece concludes that while vaults and curators are gaining traction, the true innovation lies in creating efficient "channels" or broker-like systems that enhance global capital flow. These could eventually replace centralized exchanges as the primary liquidity hubs, enabling a more integrated and efficient financial system without relying on traditional tokenomics.

marsbit03/10 13:23

The Limits of Finance, The Channel Value of Global Markets

marsbit03/10 13:23

IOSG: A Panoramic View of On-Chain Yields, from Yield-Bearing Stablecoins to the Evolution of Crypto Credit Products

IOSG Research analyzes the on-chain yield landscape, highlighting the growing preference for yield-bearing stablecoins and fixed-income products during bear markets. While bull markets drive TVL growth across all yield products, bear markets see capital shift toward lower-risk, stablecoin-based options. Key trends include protocols expanding into front-end (wallets, mobile interfaces) and back-end services (stablecoin-as-a-service for L1/L2 chains). Anticipated U.S. interest rate cuts may reduce Treasury yields, pushing yield-bearing stablecoins to diversify into alternative real-world assets (RWA) like private credit and GPU financing. The report also notes institutional adoption through end-to-end staking services and crypto-native credit products (e.g., preferred shares), which function as crypto equivalents to Treasury bonds, offering stable yields from DeFi and staking revenues. Exclusive yield sources and transparent revenue-sharing models are becoming crucial differentiators.

marsbit03/10 11:26

IOSG: A Panoramic View of On-Chain Yields, from Yield-Bearing Stablecoins to the Evolution of Crypto Credit Products

marsbit03/10 11:26

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