Too Long; Didn't Read
RWA is now certainly the hottest topic in DeFi, if not all #crypto.
While tokenizing Real World Assets is not a new idea, lending protocols that leverage RWA are dynamizing their use and can bring it to a whole new level.
In this light, Citi's prediction of $6 trillion dollars worth of RWA pouring into the blockchain by 2030 does not seem so romantic anymore.
RWA-specific protocols are gaining traction, and in our last newsletter, we delved into this phenomenon, looking into:
MakerDAO, which now holds almost 50% in RWA,
Ondo Finance, one of the exemplary RWA-focused protocols, and
stUSDT, whose explosive growth raised some eyebrows.