The US Federal Reserve (Fed) will announce its new interest rate decision on Wednesday evening at 09:00 pm. While a cut of at least 25 basis points is considered certain, it is also expected that the cuts will bring an increase in risky assets…

“DeFi reawakens”

With more than $750 billion in assets under management, analysts at Bernstein, one of the most important global firms, also drew attention to the DeFi world in their latest report. Analysts wrote that they expect DeFi yields to regain an attractive outlook:

“With a possible interest rate cut at the door, DeFi yields are now taking on an attractive appearance. This could reawaken the crypto loan markets and reignite interest in Defi and Ethereum ecosystems.”

“May rise above 5%”

Analysts stated that they expect returns in the DeFi space to exceed money market funds:

“If fixed coin DeFi yields become attractive again for crypto investors, the rate of return could exceed 5%. This would also push crypto prices in the DeFi space upwards.”

Two coins out, AAVE in.

On the other hand, Bernstein analysts also informed that they removed two of the tokens in the digital asset portfolio and added the token of AAVE, the largest lending protocol in the DeFi space. While GMX exited the portfolio with SNX, another DeFi coin, AAVE was included.

Other coins in the portfolio are as follows:
“BTC, ETH, OP, ARB, POL, LDO, SOL, UNI, LINK, RON”

They are far from the 2020 DeFi summer

As it will be remembered, before the bull season in 2021, the ‘DeFi summer’ was experienced and the coins of the decentralised finance area increased very sharply. At that time, there were huge rises in the tokens of protocols such as AAVE, UNI, SNX, AMPL, Compound and Curve. Today, prices are much lower than the levels of 4 years ago.