Where does yield come from?
Mapping the Real Economy Behind On-Chain and Off-Chain Capital Flows
Inside This Report
Where Yield Really Comes From
Understand why sustainable yield in DeFi can only emerge from ecosystems that generate real economic value — and why identifying “real yield payers” is critical to building lasting markets.
Mapping Yield Seekers and Yield Payers
Explore the dynamics between capital providers and capital users: who is truly paying for yield, what risks are involved, and where new opportunities are emerging.
New Bridges Between TradFi and DeFi
Learn how traditional and crypto-native players are increasingly connected — and how new credit pathways are forming across on-chain and off-chain markets.
Opportunities in Real-World Assets (RWA)
Discover how sectors like trade finance, real estate, and infrastructure are tapping into on-chain capital — and why RWAs could drive the next phase of institutional DeFi.
Why Institutional Leaders Need This Report
Comprehensive Understanding
Get a thorough overview of DeFi’s evolution and its potential integration into the broader financial system.
Actionable Insights
Discover strategic opportunities and technologies that institutions can implement today to capitalize on DeFi innovations.
Clear Path Forward
Learn how the industry is evolving and position your organization to take advantage of emerging DeFi innovations.
