Decentralized Finance (DeFi) is undergoing a significant transformation as it integrates real-world assets (RWA) into its ecosystem, reshaping the logic of yield generation. Historically reliant on high-yield token incentives, DeFi is now anchoring itself to tangible assets, such as government bonds and real estate, to provide more sustainable returns. This shift is evident as the USDC deposit rate on Aave V3 stands at 2.7%, below the U.S. 10-year Treasury yield of 4.3%, highlighting a decline in DeFi yields compared to traditional finance.The integration of RWA has led to the growth of multi-billion-dollar markets in stablecoins and RWAs, attracting institutional interest. Major financial institutions like BlackRock and Franklin Templeton have entered the on-chain market, tokenizing off-chain assets and expanding the RWA market to hundreds of billions of dollars. This evolution marks a departure from DeFi's earlier reliance on token incentives, as the market now focuses on real asset backing and regulatory compliance to sustain liquidity and growth.