remember those HUGE repo markets that I talked about?
US bonds/treasuries are the favorite collateral for those transactions
and that's why they're not going away anytime soon
but of course, the financial system is slowly diversifying
repo markets are HUGE - about the size of USD M2!
they underpin the global financial system
however, there's not many DeFi protocols addressing this part of the market
i may pick it up in the near future
if you're working on something similar - hit me up!