Productive Stablecoins: Closing the $300B Efficiency Gap

What to know:

• The Problem: 90% of stables are "dead weight." Issuers take your fiat, buy T-bills, and keep 100% of the yield - a massive "hidden tax" on users.
• **The Opportunity: **Over $11B in DAO treasuries and $1.2B in DEX liquidity is currently unproductive.
• Emerging Solutions:
  • Integrated margin (HyENA) works for traders but is a "walled garden."
  • Infrastructure layers (Solomon) that plug yield directly into existing tokens like USDC/USDT without changing the ticker.