The stablecoin market has skyrocketed to $267b, doubling in just a year. Talk about rapid mainstream adoption!
With game-changing moves like the GENIUS Act and insights from the USA's Project Crypto, now's the time to let your stablecoins do the heavy lifting as this sector takes off.
I've dropped 3 threads on yield-bearing stablecoins, with juicy yields as usual. Missed them?
Here's a quick summary of all the stables I covered.
You can also use the infographics as a guide.
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✦ @UnitasLabs (sUSDu)
⇒ Mechanism ➝ Protocol fees from Unitas’ multi-strategy delta neutral vaults
⇒ Yield ➝ 19.68% APY
✦ @avantprotocol (savUSD)
⇒ Mechanism ➝ Delta-neutral strategies
⇒ Yield ➝ 18.36% APY
✦ @SmarDex (USDN)
⇒ Mechanism ➝ Ethereum staking and funding rates from traders using USDN protocol
⇒ Yield ➝ 15.9% APY
✦ @aegis_im (YUSD)
⇒ Mechanism ➝ Funding fees from delta-neutral spot and perpetual arbitrage
⇒ Yield ➝ 15.74% APR
✦ @CygnusFi (cgUSD)
⇒ Mechanism ➝ Short-term U.S. Treasury Bills
⇒ Yield ➝ 14.84% APY
✦ @FalconStable (sUSDf)
⇒ Mechanism ➝ Liquidity provisioning, staking, funding rate arbitrage, and cross-exchange price arbitrage
⇒ Yield ➝ 12.6% APY
✦ @HermeticaFi (sUSDh)
⇒ Mechanism ➝ Funding rates on a short Bitcoin perpetual futures position
⇒ Yield ➝ 12% APY
✦ @fraxfinance (sfrxUSD)
⇒ Mechanism ➝ U.S. Treasury Bills and DeFi strategies (staked frxUSD is dynamically allocated to the highest yield source to generate yield)
⇒ Yield ➝ 11.63% APY
@0xCoinshift (csUSDL)
⇒ Mechanism ➝ Treasury Bills and on-chain lending
⇒ Yield ➝ 11.32% APY + 5x Shift Points
✦ @Aster_DEX (asUSDF)
⇒ Mechanism ➝ Trading fees and funding rates on short synthetic stablecoin positions
⇒ Yield ➝ 11.3% APY
✦ @lista_dao (lisUSD)
⇒ Mechanism ➝ Liquidation rewards and borrowing interests
⇒ Yield ➝ 11.08% APY
✦ @ethena_labs (sUSDe)
⇒ Mechanism ➝ Delta-neutral hedging and staking rewards on its stETH collateral
⇒ Yield ➝ 11% APY
✦ @reservoir_xyz (srUSD)
⇒ Mechanism ➝ U.S. treasuries, DeFi yield, and market-neutral strategies
⇒ Yield ➝ 11% APY
✦ @parabolfi (paraUSD)
⇒ Mechanism ➝ U.S. Treasury Bills and repo reserves
⇒ Yield ➝ 11% APR
✦ @StablesLabs (sUSDX)
⇒ Mechanism ➝ Delta-neutral hedging and multi-currency arbitrage
⇒ Yield ➝ 10.57% APY
✦ @noon_capital (sUSN)
⇒ Mechanism ➝ Delta-neutral strategies
⇒ Yield ➝ 10.44% APY + 5x Noon Points multiplier
✦ @StandX_Official (DUSD)
⇒ Mechanism ➝ Staking and funding rates from perpetual contracts
⇒ Yield ➝ 10.06% APY
Hyperion
Here We Are 🏎️
We've reached a new milestone $10B in Spot Cumulative Volume - in less than two weeks.
You ain't seen nothing yet. Get ready for what's next 🔥
Hyperion
Volume? Oh, we got volume alright 🤯
We just smashed $9,000,000,000 in cumulative volume. That's NINE BILLION with a B 💰
Next stop - $10B 😉
Andy
Crossed 15560 yaps today on @KaitoAI.
You may not like it, but this is what peak social reputation looks like in Web3.
IcoBeast.eth🦇🔊
Crossed 22900 yaps today on @KaitoAI.
You may not like it, but this is what peak social reputation looks like in Web3.
Bitman
Franklin Templeton is now the 9th largest protocol by TVL on @arbitrum.
Institutions are here.
Arbitrum is everywhere.
Spot Wiggum
At a glance it looks like all these projects had a good month...
Except $ETH was up 53% across July.
So projects whose TVL is comprised solely of ETH should have seen their TVL increase by at least that much, or they've had real net ETH outflows.
Lido is up only 46%
Eigen only 47%
Meanwhile the 60-70% TVL increases for the delta-neutral stablecoins like Resolv and Ethena are driven by net new inflows, not ETH price appreciation.
The DeFi Investor 🔎
dApps that saw a surge in TVL in July
EtherFi - from $6.5b to $10b TVL
Lido - from $21.9b to $32b TVL
Eigenlayer - from $12b to $17.7b TVL
Pendle - from $5b to $6.8b TVL
Ethena - from $5.4b to $8.7b TVL
Resolv - from $332M to $561M TVL
Frax - from $345M to $524M TVL
FRAX price performance in USD
The current price of frax is $0.99788. Over the last 24 hours, frax has increased by +0.31%. It currently has a circulating supply of 298,640,638 FRAX and a maximum supply of 298,640,638 FRAX, giving it a fully diluted market cap of $298.01M. The frax/USD price is updated in real-time.
5m
+0.29%
1h
+0.32%
4h
+0.30%
24h
+0.31%
About Frax (FRAX)
Frax (FRAX) is a decentralized digital currency leveraging blockchain technology for secure transactions.
Why invest in Frax (FRAX)?
As a decentralized currency, free from government or financial institution control, Frax is definitely an alternative to traditional fiat currencies. However, investing, trading or buying Frax involves complexity and volatility. Thorough research and risk awareness are essential before investing.
Find out more about Frax (FRAX) prices and information here on OKX today.
How to buy and store FRAX?
To buy and store FRAX, you can purchase it on a cryptocurrency exchange or through a peer-to-peer marketplace. After buying FRAX, it’s important to securely store it in a crypto wallet, which comes in two forms: hot wallets (software-based, stored on your physical devices) and cold wallets (hardware-based, stored offline).
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 289 new posts about Frax, driven by 167 contributors, and total online engagement reached 5.6K social interactions. The sentiment score for Frax currently stands at 80%. Compared to all cryptocurrencies, post volume for Frax currently ranks at 6025. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Frax.
Powered by LunarCrush
Posts
289
Contributors
167
Interactions
5,646
Sentiment
80%
Volume rank
#6025
X
Posts
287
Interactions
5,645
Sentiment
81%
FRAX FAQ
What’s the current price of Frax?
The current price of 1 FRAX is $0.99788, experiencing a +0.31% change in the past 24 hours.
Can I buy FRAX on OKX?
No, currently FRAX is unavailable on OKX. To stay updated on when FRAX becomes available, sign up for notifications or follow us on social media. We’ll announce new cryptocurrency additions as soon as they’re listed.
Why does the price of FRAX fluctuate?
The price of FRAX fluctuates due to the global supply and demand dynamics typical of cryptocurrencies. Its short-term volatility can be attributed to significant shifts in these market forces.
How much is 1 Frax worth today?
Currently, one Frax is worth $0.99788. For answers and insight into Frax's price action, you're in the right place. Explore the latest Frax charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Frax, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Frax have been created as well.
Monitor crypto prices on an exchange
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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