Yesterday the Fed announced 40B in T bill purchases starting December 12. They're calling it reserve management, not QE..

Here's why it matters for DeFi:

The US has to refinance 9 trillion in 2026. That rollover isn't possible without rate cuts or money printing. Interest costs are heading toward $1T per year, bigger than the entire defense budget.

Translation:

Real QE probably starts Q1-Q2 2026. Position accordingly.

When traditional finance needs to print, risk assets benefit. This is less speculation, more math. The refinancing wall is real...the Fed just showed you their first move.