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.
_____________
✦ @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
jussy
This is insane stats...
@debridge has already accumulated 1.62% of total $DBR supply (as a reminder, just a week ago it was 1.3%).
They use 100% of protocol earnings for buybacks.
And the market cap is still $91M, while they have $29M in treasury and reserve holdings.
gum
deBridge has already bought 1.5% of the total $DBR supply
100% of their DAO revenue goes to buying back their token from the open markets, which is one of the best Team & Community alignment stories so far - especially since there's real revenue pouring in every day, it's not just a marketing gimmick
Good team > Useful product that attends to user needs > Growth > Revenue > Token Buybacks
It's a winning formula to look at when studying protocols
ashen | kamai
I was looking into tokens that had significant buybacks in July and found some interesting ones.
BONK - 50% of letsBonk revenue goes to Buy/Burn.
+ $23M worth in July (my god, the pump is cooked).
DBR - Just announced their Reserve Fund with 100% revenue for buybacks.
+ $4M acquired in June (1.5% of supply).
Token buybacks are usually a double-edged sword because the amount they buy back is directly proportional to how successful the protocol is.
So, when you have three really good protocols like deBridge + Bonk, you have really good buyback programs.
Maple
syrupUSDC now ranks as the 2nd largest dollar yield asset in DeFi.
With 9.16% APY delivered over the last 30 days through Drips and base yield – syrupUSDC is now the highest yielding top 10 asset.
Maple's secured fixed-rate borrowing continues to outperform rates across DeFi.
DBR price performance in USD
The current price of debridge is $0.026062. Over the last 24 hours, debridge has decreased by -3.85%. It currently has a circulating supply of 9,999,966,640 DBR and a maximum supply of 9,999,966,640 DBR, giving it a fully diluted market cap of $260.61M. The debridge/USD price is updated in real-time.
5m
+0.15%
1h
-0.22%
4h
-2.19%
24h
-3.85%
About deBridge (DBR)
deBridge (DBR) is a decentralized digital currency leveraging blockchain technology for secure transactions.
Why invest in deBridge (DBR)?
As a decentralized currency, free from government or financial institution control, deBridge is definitely an alternative to traditional fiat currencies. However, investing, trading or buying deBridge involves complexity and volatility. Thorough research and risk awareness are essential before investing.
Find out more about deBridge (DBR) prices and information here on OKX today.
How to buy and store DBR?
To buy and store DBR, you can purchase it on a cryptocurrency exchange or through a peer-to-peer marketplace. After buying DBR, 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).
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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 387 new posts about deBridge, driven by 165 contributors, and total online engagement reached 13K social interactions. The sentiment score for deBridge currently stands at 79%. Compared to all cryptocurrencies, post volume for deBridge currently ranks at 5447. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of deBridge.
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Posts
387
Contributors
165
Interactions
13,304
Sentiment
79%
Volume rank
#5447
X
Posts
387
Interactions
13,304
Sentiment
79%
DBR FAQ
What’s the current price of deBridge?
The current price of 1 DBR is $0.026062, experiencing a -3.85% change in the past 24 hours.
Can I buy DBR on OKX?
No, currently DBR is unavailable on OKX. To stay updated on when DBR 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 DBR fluctuate?
The price of DBR 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 deBridge worth today?
Currently, one deBridge is worth $0.026062. For answers and insight into deBridge's price action, you're in the right place. Explore the latest deBridge charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as deBridge, 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 deBridge have been created as well.
Monitor crypto prices on an exchange
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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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