The market repriced DeFi in just 48 hours

What Happened

Aave's stablecoin lending yield of 2.32% APY dropped below U.S. Treasury overnight rates of 3.64% within 48 hours, exposing market mispricng of DeFi credit risk. An attack on Kelp DAO's LayerZero bridge triggered the repricing, proving DeFi had underpriced risks versus traditional financial instruments.

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