Ethereum

Great Bankless pod on tokenized treasuries. Two thoughts (if this scales):

1) Americans can access the yield via AAVE once arbitrage forces the on-chain interest rate for all stables up to the US T bill interest rate

2) The US gov’t will control interest rates in DeFi via this arbitrage

My first thought is idk if I agree with you. Gov will never control EVM execution so yes while 1 is true while onchain rates are low idk it means they’ll go down if there’s a surge in the demand to access blockspace and permissionless lending protocols can offer a product than regulated financial services can

/ethereum foundation | control the memes control the minds paragraph.xyz/@chaskin

Maybe a better way to put it is that treasury rates will be the floor interest rate for USD stablecoins on Ethereum. To the extent that USD stables are become the money of choice on chain, this does give the Fed leverage over willingness to spend or save in the new economy. But maybe not total control