Which protocol generates revenue that survives a bear market? đź§ few
🚨Real Yield Is Back (But Not How You Think)
Everyone’s talking about the “return of real yield.”
But let’s be honest most of what’s being called “real yield” in 2025 is still built on emissions, hidden leverage, or rehypothecation loops.
The true real yield protocols are the ones that generate consistent cash flow from real economic activity, not speculation.
Examples?
@aaveAave earns from lending markets with billions in stablecoin volume.
@GMX_IO redistributes trading fees to stakers, not inflationary tokens.
@reserveprotocol channels yield from collateralized, on-chain assets into decentralized index structures (DTFs).
What we’re seeing now is a quiet shift from ponzinomics to protocol economics.
The question for the next cycle isn’t “Where can I get 30% APY?”
It’s: “Which protocol generates revenue that survives a bear market?”
That’s where sustainable wealth will come from.
đź’ˇ Real yield = real users = real value.
#DeFi #Crypto #Yield #RWA

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