Pendle's airdrop + voting rewards in May = 3500u
🎁 Annualized return for May is 3%, which is quite attractive!
But I have a question, everyone keeps talking about the GENIUS Act.
If passed, will it really bring more liquidity to Pendle and DeFi?
The GENIUS Act allows compliant banks and institutions to issue stablecoins, and the issuance and reserve assets must be 1:1 to reduce risk.
There's also a regulation => issuers cannot offer interest 🙋🏻♂️
But what about users earning interest on stablecoins themselves?
This part doesn't seem to be clearly regulated, is it allowed or not?!
If the government takes a tacit stance, I believe DeFi will definitely experience a great revival.
However, DeFi platforms are not compliant after all. If a platform has issues, will users bear the cost themselves, or will those issuing banks be responsible? 🫢
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