PANews reported on March 31 that DefiLlama recently compared the Aave stablecoin's APY with the Federal Reserve's Federal Funds Rate ( FFR ) and the median interest rate of US bank deposits. Historically, Aave's lending rate has fluctuated around the FFR multiple times, while US bank deposit rates generally form a "floor" for DeFi yields. When bank deposit rates approach zero, DeFi stablecoin yields may also approach zero. Several industry participants pointed out that DeFi yields need to compete with traditional financial deposit rates, and the portion exceeding bank rates mainly reflects on-chain credit and liquidity risk premiums.