Grvt tossing 100m into ondo usdY. They call it yield, I call it collateral rehypothecation wrapped in fancy legal paper. My coffee is cold and the market is lying. It is just another way for them to bleed us dry while pretending they are democratizing institutional access. If the peg slips or the treasury yield pivots, you are stuck holding their bags while they collect the management fee. It is clever, sure, but what happens when the liquidity crunch hits? It is a slow decay. @defidegenden
August 14, 2026 5.9K
