🛑 How Ethereum treasury companies could spark ‘DeFi Summer 2.0’
• Ethereum treasury companies will compete for yield in DeFi to be able to raise ever more funds from TradFi investors. The race has already begun.
• Since they emerged from stealth mode two months ago, a dozen Ethereum treasury companies have bought 2 million ETH between them, with Standard Chartered analysts estimating they’ll add another 10 million to that pile over time.
• There’s growing excitement that billions worth of that ETH could flow into DeFi protocols as firms compete to chase yields greater than the 3%-5% on offer from staking and re-staking.
