Treehouse CEO: Fixed income is a key link for the mass adoption of DeFi, and the lack of a benchmark interest rate is the main obstacle

ChainCatcher news, according to Cointelegraph, Treehouse CEO Brandon Goh stated in the latest episode of the Hashing It Out podcast that fixed income products could be a key factor in driving the mass adoption of DeFi, especially at the institutional level. Goh pointed out that DeFi currently lacks a benchmark interest rate similar to LIBOR, which makes it difficult for fixed income products to scale in a decentralized environment.

Goh predicts that DeFi will shift from unsustainable high-yield incentives to a stable growth model in the future, and the fixed income market will become an important entry point for traditional financial institutions into the crypto market.