Tokenized Treasury and Further Increases To DeFi

The crypto markets are for sure heating up. Honestly I don't think bitcoin would have stopped increasing in price if it wasn't for the removal of the blackrock ticker which kind of sparked a lot of news drama that their bitcoin spot ETF was just about to be approved.

Since then it's been pulled but the overall markets have been doing well. Bitcoin has remained rather stagnate in price while a lot of that now fuel seems to be pumping into altcoins as everyone "waits" for the next big news. Altcoins such as Solana (SOL) have seen major jumps in price as well giving us a bit of an early look at seeing what alt coins are most likely going to do very well in the next bull market.

It really feels like the markets are just primed and in a holding pattern for the next bitcoin run.

Another area that's recently been gaining a fair amount of traction is the U.S Tokenized Treasury market which is now up to a massive 698 million dollar market cap!

Tokenized Treasuries

Currently treasuries are paying all time highs which we haven't seen in a good 20 years. Banks are paying upwards of 4%-5% while treasuries are now pushing 5.5% and most likely only going to climb as we roll into 2024.

This has opened up an area in tokenized cryptos we really haven't ever seen before.

One of the largest blockchains doing this at the moment is Ethereum with a cold hard 334 million in value with stellar not far behind at 322 million. Polygon also makes up just a fraction at 23 million still showing us once again that people rather pay higher fees and be on the core chain then using layer 2 alternatives.

Makes me think what if there was a layer two that was ONLY stablecoins so you didn't have to worry about up and down price movements between tokens. Right now I know a worry for me and I'm sure others is if I put my bags in a lower fee chain like Polygon would it hold up for when I want to convert it back to Ethereum or will I actully lose value.

DeFi Improves

I've touched base on this a big over the last few years when DeFi kind of took a big dump. It's clear that many people don't really want to be in DeFi anymore as the constant hacks, rug pulls and dumps have really turned people away. This is forcing DeFi to start stepping up their game.

One of the most prominate ones is Pancake swap which runs off of the CAKE token. They have been trying just about anything to regain and build market share and honestly it's most likely a hard case of the bear market and the constant bashing that Binance continues to get to this day.

Pancake swap just a few months ago decided to open up extra rewards to staking your cake tokens into their new v3 which seems to done pretty well but as of just a few days ago their new portfolio manager function was released.

This portfolio manager allows for users to diversify their investments over more liquidity pools. It also have a automatic version of this where you can pool all of your tokens and let the system and algorithms do the investing and moving for you. It's currently speculated that this new system ushers in a whopping 24% yield. To be fair though I'm not sure how much I trust a system to do it for me.

All of these are steps that will help bring us into the next bull market and with it open up more investment and profit options compared to the last. It's important to stay on top of these things while they are slow so you can act quickly and know what's going on when the bull market steps in.

Posted Using InLeo Alpha