Fixed income has always been the backbone of traditional finance, offering stability and predictable returns. Now, DeFi is stepping into this space, bringing decentralized alternatives to conventional bond markets and yield strategies. The infrastructure for on-chain fixed income products is maturing, enabling protocols to offer structured yield mechanisms that bridge traditional finance with blockchain ecosystems. This convergence represents a significant shift—DeFi participants can now access fixed-rate products and income strategies previously exclusive to traditional markets. As the sector develops, we're seeing renewed interest in yield-bearing assets and fixed-income mechanisms tailored for crypto-native users.