Recently, I noticed an interesting phenomenon: many people are just treating thBILL as a stable yield tool, not realizing that experts have already figured out how to generate multiple layers of returns with it.

I just noticed that Theo has made another move—PT-thBILL has now been integrated into a new lending market. In other words, if you hold thBILL, you can now play it this way: use the base treasury yield as your foundation, then take the PT portion to earn interest rate spreads through lending, and even stack on liquidity mining rewards.

Tokenized traditional treasuries were already considered stable, but I didn’t expect you could combine them into such sophisticated strategies in DeFi. It seems the ways to play with these RWA assets go far beyond just “passively collecting interest.”