---
title: "DeFi Yields Lag Behind Traditional Treasury Returns"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284893951.md"
description: "Aave V3's USDC deposit rate is 2.7%, lower than the U.S. 10-year Treasury yield of 4.3%, indicating that DeFi yields no longer offer a premium over traditional finance. Tiger Research notes that real-world assets and stablecoins have grown into sectors worth hundreds of billions, signaling a shift from token-incentive models to products backed by external cash flows."
datetime: "2026-05-01T11:53:22.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284893951.md)
  - [en](https://longbridge.com/en/news/284893951.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284893951.md)
---

# DeFi Yields Lag Behind Traditional Treasury Returns

Aave V3's USDC deposit rate is currently around 2.7%, which is lower than the U.S. 10-year Treasury yield of 4.3%, according to Tiger Research. This indicates that decentralized finance (DeFi) yields no longer provide a distinct premium over traditional financial instruments. According to NS3.AI, Tiger Research also highlighted that real-world assets (RWA) and stablecoins have expanded into sectors worth hundreds of billions of dollars. This growth reflects a market transition from token-incentive models to products supported by external cash flows.

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