The last 2 days of yield on
@Uniswap have been a macroeconomic microcosm. A case study on:
1. the weakening dollar,
2. strength in metals, and
3. altcoin attention
The INST–WETH 1% pool briefly pushed past 160% APR, outperforming nearly every major ETH pair on Uniswap with significant TVL.
We saw this in the past two weeks with FRAX recently (more on this later).
A perfect use-case for Saffron vaults: increasing yield exposure by buying variable yield on
@Saffron.