Solana Staking Yields Double Ethereum’s As Both Battle Treasury Rates
Yields on U.S. sovereign debt declined Thursday after the Federal Reserve eased monetary policy by slashing interest rates by 0.25 percentage points.
What happened: The benchmark 10-year Treasury yield dropped by 0.8 basis points to 4.335%, while the yield on 2-year government bonds slid 2 basis points to 4.197%.
Similarly, rewards on 6-month treasuries dipped 1.3 basis points to 4.127%.
Treasury bonds are considered low-risk investments because the U.S. government backs them, making it unlikely that the government will default on its debt obligations.
Comparing these rewards with those offered by the digital asset industry painted an intriguing picture.
The annualized average yield rate for staking Ethereum (CRYPTO: ETH), the second-largest cryptocurrency, stood at 3.39% as of this writing, according to Staking Rewards, marking a decline of 14 basis points in the last 24 hours.
On the other hand, …
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