#美联储降息 US Treasury yields are heading down, and DeFi is starting to have prospects again. Over the past two years, everyone relied on US Treasury RWA to earn a stable 5%, but now with the rate cut trend, traditional financial yields are evaporating. On the other hand, on-chain, AI computing power leasing returns are racing, and L2 staking yields are still growing. Money will flow to places where it can earn more. By 2026, we are likely to see large amounts of capital pulling out of traditional finance and pouring into on-chain DeFi protocols that generate real income.