Further, roughly 10% of the entire TVL of the DeFi space was lost last year to hacks and thefts. If you're not getting at least 18% APR (10% risk, 8% inflation)

Further, roughly 10% of the entire TVL of the DeFi space was lost last year to hacks and thefts. If you're not getting at least 18% APR (10% risk, 8% inflation), you're better off with series I bonds. Put another way: if this clear yield actually existed, it would be arbitraged into the dirt by Cumberland/DRW and Jump - not left to the retail schlubs.