🔥 In July, the @Aptos on-chain stablecoins skyrocketed, adding $251 million in a single month.
USDT grew by 22.21% ($183 million)
USDC grew by 16.54% ($48 million)
Aptos is becoming the next-generation Stablecoin Hub, thriving both on-chain and off-chain:
➤ The three major native stablecoins have significantly increased, providing ample liquidity for DeFi.
➤ Extremely low fees + sub-second confirmations, making Aptos USDT/USDC the preferred choice for transfers on CEX.
🪂 But what really excites users is how to "play on-chain."
Not only is the volume increasing, but high APR opportunities are also emerging densely:
➤ The stablecoin mining channels provided by the on-chain DeFi team are yielding significantly higher returns than established protocols.
In this thread, Movemaker will guide you through the most worthwhile stablecoin yield opportunities in the Aptos ecosystem 🧵.
The stablecoin market of Aptos is mainly composed of three native stablecoins:
USDT → 1 billion (71.40% share)
USDC → 333 million (23.69% share)
sUSDe → 48 million (3.42% share)
As the flagship stablecoin of @ethena_labs, USDe has risen to become the third largest stablecoin in the entire network, second only to USDT and USDC, with a total market value of 7.734 billion USD.
Source of the image:
Next, we will focus on these three most mainstream and commonly used stablecoins, sharing their yield strategies comprehensively 👇
2. Single-Currency Deposit Mining
🟠 @AriesMarkets → Lending Protocol
USDT single-currency deposit, APR ~ 7.94%
USDC single-currency deposit, APR ~ 8.71%
sUSDe single-currency deposit, APR ~ 11.95%
🟠 @EchelonMarket → Lending Protocol
USDT single-currency deposit, APR ~ 9.14%
USDC single-currency deposit, APR ~ 14.77%
sUSDe single-currency deposit, APR ~ 17.03%
🟠 @AuroFinance_ → CDP Protocol
USDT single-currency collateral, APR ~ 19.03%
USDC single-currency collateral, APR ~ 10.22%
Staking APT LST (e.g., stAPT, stkAPT) on Auro allows you to borrow the platform's stablecoin USDA, which is in the Savings module, with an APR ~ 25.73%
⛔ Please note, converting USDA to USDT, whether through direct Swap or 1:1 Convert on the platform, incurs slippage of no more than 2%.
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