Original | Odaily Planet Daily ( @OdailyChina )
Author: Azuma ( @azuma_eth )
This column aims to cover the low-risk return strategies based on stablecoins (and their derivative tokens) in the current market (Odaily Note: code risks can never be ruled out) to help users who hope to gradually increase the scale of funds through U-based financial management to find more ideal interest-earning opportunities.
Previous records
Follow up of old mines
Upshift Season 2 Launches
Upshift, Augusts stablecoin yield protocol, recently launched its second season of points activities. The second season features a special task every Monday, and by depositing the stablecoins specified for the task, you can get a higher rate of return and points.
This week, Upshift announced the first special mission of the second season. The designated stablecoin is cUSDO issued by OpenEden, another project we have recommended before. Currently, depositing cUSDO in the Upshift protocol can obtain 9.5% real-time APY, plus 10 times Upshift points and 12 times OpenEden points.
Faclon retroactively checks Pendle YT and LP points (disputed)
Falcon Finance (USDf), a stablecoin project under DWF Labs, announced the day before yesterday that it will trace the points of YT and LP on Pendle, with a tracing points multiplier of 36 times . This means that users who previously used Pendle for blind mining will have a higher points rate than users who statically hold USDf (6 times), and this points rate advantage will most likely continue in the future.
It is worth mentioning that USDF encountered concentrated FUD yesterday, with the focus of doubts mainly on the reserve situation and source of income. In response, Falcon responded by disclosing the audit report conducted in cooperation with Harris Trotter, and Andrei Grachev, managing partner of DWF Labs, also made further explanations.
Among USDfs reserve assets, stablecoins and BTC account for about 89% (about US$565 million), and altcoins account for about 11% (about US$67.5 million). The reserve assets have been audited and the current over-collateralization ratio is 116%.
In terms of yield, the composition of the agreement income is as follows: basis trading income accounts for 44%, arbitrage trading income accounts for 34%, and pledge income accounts for 22%.
Affected by FUD, USDf was temporarily unpegged yesterday, with the lowest price falling to $0.8799. With the official response, it has gradually recovered to $0.9946. You can decide whether to continue to participate based on your own risk appetite.
New opportunities
Perena Vault Open for Application
Perena, a stablecoin project founded by Anna Yuan, the former head of the stablecoin business of the Solana Foundation, announced this morning that it has opened whitelist applications for Perena Vault. Perena Vault is Perenas core income-generating tool, which aims to effectively configure stable assets (such as USDC, USDT, PYUSD, etc.) in the Perena ecosystem through an automated strategy-driven approach to generate income.
Currently, you have the opportunity to obtain the whitelist by interacting with Perena in X. Interested users can try to interact and get the whitelist.
