Theo Network's thBill token is pulling 35-70% returns on equity through something wild—16x leverage loops on Euler Finance, all backed by actual treasury yields.

Here's the thing: traditional finance has been running this exact playbook with T-bills for decades. But now? It's programmatic. Transparent. On-chain.

The numbers speak volumes. Ondo's RWA infrastructure is already sitting at $1.8 billion. And Theo? Just cracked the top 10 among treasury-backed protocols.

What used to be Wall Street's game is now accessible through smart contracts. Same treasury yields, different rails. The leverage mechanics are out in the open—no black boxes, no gatekeepers.

This is how real-world assets get absorbed into DeFi. Not through hype, but through proven strategies rebuilt with better infrastructure.