Street Observation Notes 🌆 I just saw $thBILL 's annualized yield on the DEX, and I flinched. Ash fell on my shoes, and it was 4.7%. Is that all? But I stared at that number for three minutes and suddenly burst out laughing. My friend asked what I was laughing at. I said, look at this yield rate—does it resemble a five-star hotel buffet? Not many varieties, but each dish is labeled with the origin of the ingredients and the chef's name. What Theo has done this year is to create a cafeteria with a Michelin label for institutional funds.