In the bear we look to genuine yield earning use cases.
Dex are one, but perp trading is even better. Synthetic perp trading especially. Gains.trade I've shilled before when it was at $2.20 or so, and mostly got laughed at. It launched on Arbitrium One couple weeks ago and for two weeks now is one of the top 10 revenue earning platforms in all of defi. It makes more revenue than every single Layer 1 except Eth and all Layer 2s:
Solid and simple tokenomics, awesome return to stakers or investors (holding platform token or providing Dai liquidity for synthetic use), no VCs, no token unlocks, it is deflationary via a burn mechanism, you can buy and sell GNS token OTC to avoid slippage (and sold tokens are burnt!). And check out the token performance since the Arb launch :
Plus the actual platform is out of control how good it is. Synthetic perp on crypto, forex, us stocks, us stock indices, commodities and anything else which a tradfi or chain link price feed can be added. Leverage between 2x and 1000x
All on chain. All noKYC. All synthetic. All non custodial. Simple smart contracts so limited contract risk.
Best shit in defi bar none.