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I'm not sure if the Drift incident will impact the recent CLARITY act and DeFi-related matters. The community has not yet seriously discussed this issue.
What’s worth noting is the potential implications for stablecoins and possibly broader DeFi yields in the future:
- Activity-based yield might receive a green light (earning yield by doing certain activities is okay, such as airdrops, LP, subscriptions, etc.)
- Balance-based yield will be banned, meaning simply holding assets to earn yield will no longer be feasible, which could be negative for USDe and ENA.
There are three weeks until the Senate markup.