As it was already discussed (some Meta-Gov calls), Real-World Assets (RWA) are currently a hot topic in DeFi . We had plenty of internal discussions with Karpatkey on the topic.
It’s crucial to note that the yield landscape has transitioned from DeFi outpacing RWA yields to RWA now offering higher returns. The ENS community must decide whether diversification into RWA is a wise move. Karpatkey and Steakhouse are here to guide you through this process.
Steakhouse has been working over the last few months on a comprehensive review of the Tokenized T-Bill space. After discussion with Karpatkey, we both believe that ENS should consider starting to explore the RWA space. Emphase could be put on very low risk products before venturing into more complex and riskier products (which obviously provide a better yield).
It is our understanding that ENS wants to lean on the safest side of the investment spectrum. T-Bills don’t carry much risk. Moreover, the risk is already present in fiat-backed stablecoin that compose a good part of ENS treasury (but the yield is not present).
We, Karpatkey and Steakhouse, are here to support ENS DAO to the best of our ability in the reflection around RWA. Please feel free to move the direction anywhere you like but we prepared some questions to kickstart the discussion:
- Do you think ENS should allocate part of its treasury into RWA? Why?
- What is the risk appetite you see for ENS?
- Should ENS focus on permissionless product or are you open to permissioned one?
Floor is yours