Today, I gave the editor a quick lesson on what NAV is and what yield-bearing tokens are. Yield-bearing stablecoins, combined with AI, summarized into five types of YTB: 1. Rebasing: USDM 2. Non-rebasing: USDY 3. Stake/synthetic receipt: SUSDE 4. Wrap: SUSDS 5. Hybrid: BUDL Think the summary is pretty good, sharing it here. If you don’t even understand YTB, how are you going to do any research on stablecoins or RWA?