Treasury companies are kinda showing how there’s no real need to buy crypto shitcoins just to earn staking yield.
Ethereum offers roughly 3%, Solana 5 to 7%, XRP around 5%, and ADA about 4% in staking yield, all while taking on massive volatility risk and all the other risks that come with the shitcoin casino.
The staking yield is backed by the token, and the token’s value is basically justified by the yield.
Meanwhile, treasury companies are keeping their yield stock product relatively stable with it backed by Bitcoin, they give dollar yields instead of crypto tokens, and they are directly connected to people's bank accounts which elimites the risk of having to use off ramps.
It's funny because Web3 was built on the idea of replacing the traditional financial system. Now a lot of these crypto projects are tokenizing on top of STRC to boost yield because their native tokens are effectively on life support, just because treasury companies are eating their lunch.
The best shitcoin is the dollar. The best money is Bitcoin. Treasury companies give people a high yield of the best shitcoin in the world, by leveraging the best money in the world on their balance sheet.
So when I say they'll blow up, it's because all the liquidity will get sucked out and go toward STRC and the other yield products.