“They will offer an extremely attractive ~20% APR [annual percentage rate], which will ignite DeFi capital rotation into the Near ecosystem, siphoning the total value locked from other alternative layer-one protocols,” Kole said in a Substack post. “This will lead to a comparison of Near to Terra (LUNA) as the narrative for attractive stablecoin yields proliferates.”
Source: https://www.coindesk.com/markets/2022/04/08/near-token-has-doubled-in-4-weeks-heres-why/?utm_medium=referral&utm_source=rss&utm_campaign=headlines