Stablecoin Investment Strategies: Diverse Options Provide High Yield Opportunities

In the current market environment, investors are actively seeking opportunities for returns on dollar assets. Some leading DeFi projects are also working to utilize idle dollar assets to generate yields. This article will explore several stablecoin investment strategies, providing investors with diversified options.

USDD+3Crv Strategy

USDD is a stablecoin managed by a certain institution. As of October 27, the issuance of USDD is 725 million, with collateral valued at 2.23 billion USD and a collateralization ratio of over 300%. Among them, the collateral amount of USDC reaches 990 million, far exceeding the issuance of USDD, indicating a lower risk coefficient.

A certain platform shows that the annualized yield of the USDD+3Crv pool is 19.66% APR(, while the APR for USDD+FRAXBP is 21.18%. The former includes four stablecoins: USDD, DAI, USDT, and USDC, while the latter includes three stablecoins: USDD, FRAX, and USDC. Investors can deposit using any supported stablecoin and then stake the LP tokens to earn yields.

In a certain ecosystem, the application of USDD is more widespread. For example, the annualized yield of the USDD-USDT trading pair on one platform can reach up to 41.9% (requires locking and staking platform tokens), while the deposit APY of USDD on another platform is 9.52%.

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Canto: USDT+NOTE Strategy

Canto is an EVM-compatible DeFi public chain that provides services such as DEX, lending, and the stablecoin NOTE. Currently, Canto's total locked value )TVL( is approximately 100 million USD.

The Canto platform shows that the APR for the NOTE/USDT LP is 32.14%, and the APR for the NOTE/USDC LP is 29.47%. NOTE is a stablecoin minted through over-collateralization in Canto, and liquidation does not occur when the collateral is USDC and USDT. Investors can use part of their USDT to collateralize and mint NOTE, and then provide liquidity with NOTE and the remaining USDT, staking the LP tokens to earn rewards.

It is important to note that Canto's cross-chain operations are relatively complex, and investors need to go through multiple steps when entering and exiting.

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Velodrome: sUSD+LUSD Strategy

Velodrome is a DEX on a certain Layer 2 network, with a TVL of 82 million USD. sUSD and LUSD are products from two stablecoin projects, both considered relatively safe.

The current APR for liquidity mining of the sUSD/LUSD trading pair in Velodrome is 16.12%.

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Helio: HAY+BUSD Strategy

Helio Protocol is a liquidity staking and lending protocol on a certain public chain. Users can over-collateralize to borrow the decentralized stablecoin HAY in Helio. Currently, Helio's TVL is 92 million dollars.

Investors can provide liquidity for the HAY/BUSD stablecoin trading pair on a certain DEX and then stake the LP tokens in Helio. Helio's Farming page shows an APR of 19.77% for the HAY/BUSD Stable LP.

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Wombat Exchange Ecosystem: Multiple Stablecoin Strategies

Wombat Exchange is a DEX focused on stablecoin exchanges, featuring low slippage and shared liquidity. Currently, its Main Pool shows that the APRs for USDC, USDT, DAI, and BUSD are 11.44%, 11.14%, 10.85%, and 7.57% respectively (including the acceleration from locking WOM and holding veWOM).

There are also some applications similar to other platforms around Wombat, such as Wombex Finance and Magpie, which offer users higher yields. For example, Wombex currently has a TVL of $89.49 million, with deposit APRs for USDC, USDT, DAI, and BUSD being 13.93%, 12.71%, 15.29%, and 17.16%, respectively.

It is important to note that the overall risk in the cryptocurrency market is relatively high, and security incidents are frequent. Investors should diversify their risks, fully understand the specific risk points before investing, and conduct their own research.

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