Eitafang founder Vitalik today voted on Twitter about the “DAI loan annual interest rate gap with the US 10-year bond yield”. V God pointed out that DAI loans can provide an annual interest rate of 11.5%. The yield on the US 10-year government bond is only 1.5%. Why is there such a gap? At the same time, four options are given: 1. Temporary phenomenon, affected by the market; 2. DAI has the risk of crashing at any time; 3. Risk of Compound closure; 4. Other, please reply in the comments .
As of now, the results show that more than half of users believe that the risk of DAI crashing at any time has led to its high annual interest rate. V God said in the comments that this is why I think that "loan" is part of the wrong metaphor of the whole defi. Most loans issued in developing countries are not 150% guaranteed by other highly liquid crypto assets (or generally high liquidity or digital assets).