The shift from farming useless governance tokens to actual RWAs is kinda wild

Was just looking back at my wallet history from the 2021 bull run and honestly laughing at the absolute garbage I used to provide liquidity for. We were really out here locking up eth just to farm random food-named governance tokens that had literally zero utility other than being dumped by the devs

Fast forward to now and the landscape is just entirely different. the whole yield farming meta seems completely dead unless it's tied to something that actually generates revenue outside of the blockchain.

The RWA (real world asset) narrative felt like a massive buzzword for the longest time but it's actually starting to cannibalize traditional defi. like, instead of lending out some random dex token for inflationary yield, the focus is shifting heavily to tokenized equities. I was scrolling through some base ecosystem updates recently and saw a thread from edel breaking down how the traditional stock lending market is being moved on-chain, and it just kinda clicked for me

it honestly made me realize how much of a racket traditional brokerages run. they take the stocks we buy, lend them out to short sellers behind the scenes, keep like 90% of the interest, and retail gets nothing. The fact that defi is now just rebuilding that exact clearinghouse infrastructure so users can capture that lending yield directly is probably the most actual "real world use case" thing I've seen in crypto in a while.

makes me wonder how long until the big tradfi brokers try to actively lobby against this stuff once it scales. are you guys actually rotating your stablecoin/eth yields into tokenized real world assets yet or still mostly sticking to native crypto liquidity pools? tbh I'm seriously considering reallocating some of my stagnant bags into the rwa side just to escape the crypto-native volatility for a bit