DeFi Shifts to Real Yield: Bitcoin’s Mining Power Drives Innovation

This article explores how DeFi is transitioning from synthetic yield driven by token emissions to real yield tied to actual economic activity, particularly focusing on the impact of Bitcoin mining. It highlights the shift from speculative returns to tangible production-based models and introduces tokenized hashrate as a bridge between physical energy and digital finance. 2023 witnessed a surge in Bitcoin mining capacity, with Texas alone seeing a significant rise in registered power usage for crypto operations. This growth is fueling real production and offers new opportunities within the DeFi ecosystem.