Latest Trends in Stablecoin Yield Strategies: Comparative Analysis of Diversified Projects

In the current market environment, the appeal of dollar assets is increasingly prominent. In response to this trend, many leading DeFi projects are actively utilizing idle dollar assets to generate returns. Recently, MakerDAO passed an important proposal to transfer up to $1.6 billion of USDC to a certain custodial service in order to obtain an annualized return of 1.5%. This article will delve into the latest developments of several stablecoin yield projects.

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 rate of over 300%. Among this, the amount of USDC collateral reaches 990 million, significantly exceeding the total issuance of USDD, indicating a lower risk coefficient.

A certain DEX platform shows that the annualized yield of the USDD+3Crv pool is 19.66% APR(, while the APR of USDD+FRAXBP is even higher, reaching 21.18%. The former includes four stablecoins: USDD, DAI, USDT, and USDC, while the latter covers three: USDD, FRAX, and USDC.

Operation steps: First, deposit using the supported stablecoin on the relevant page, and then stake the obtained LP tokens on the designated platform.

It is worth noting that the application of USDD is more widespread in the ecosystem of a certain public chain. For example, the annualized return rate of the USDD-USDT trading pair on a certain platform can reach as high as 41.9% (requiring the locking and staking of related coins), while the annualized return rate of USDD deposits on another platform is 9.52%.

![stablecoin yield strategy update: USDD, Canto, Velodrome, Helio, Wombat])https://img-cdn.gateio.im/webp-social/moments-f908085e59600caf56736109ea2887bc.webp(

Canto: USDT+NOTE Strategy

Canto is an EVM-compatible DeFi public chain in the Cosmos ecosystem, featuring DEX, lending, and the stablecoin NOTE among its functions. Currently, Canto's total locked value )TVL( is approximately 100 million USD.

Canto's lending platform shows that the APR for NOTE/USDT LP is 32.14%, and the APR for NOTE/USDC LP is 29.47%. NOTE is a stablecoin minted through over-collateralization in the Canto ecosystem, and there will be no liquidation when the collateral is USDC and USDT.

Operation advice: Consider using part of the USDT as collateral to mint the required NOTE, then provide liquidity with NOTE and the remaining USDT, and finally stake the LP tokens on the lending platform.

It is important to note that Canto's cross-chain operations are relatively complex, requiring multiple steps and platforms for entry and exit.

![Stablecoin Yield Strategy Update: USDD, Canto, Velodrome, Helio, Wombat])https://img-cdn.gateio.im/webp-social/moments-8cab21490ff79e0a9672744a359692e3.webp(

Velodrome: sUSD+LUSD Strategy

Velodrome is a DEX on Optimism, originating from a project by a well-known developer on Fantom. Currently, Velodrome's TVL is approximately $82 million, and it holds a significant position within the Optimism ecosystem.

sUSD and LUSD come from Synthetix and Liquity respectively, and are considered relatively safe stablecoins. The liquidity mining APR for the sUSD/LUSD trading pair in Velodrome reaches 16.12%.

![Stablecoin Yield Strategy Update: USDD, Canto, Velodrome, Helio, Wombat])https://img-cdn.gateio.im/webp-social/moments-3188761d6843cd48b2defbb113a27a1c.webp(

Helio: HAY+BUSD Strategy

Helio Protocol is a liquidity staking and lending protocol on a public blockchain. Users can over-collateralize to borrow Helio's decentralized stablecoin HAY, and the staked native tokens will be used for liquidity staking.

A certain DEX platform has added a dedicated StableSwap exchange entry for HAY and BUSD, reflecting the importance of HAY. Helio's TVL is approximately $92 million, with about $20 million in staked HAY/BUSD Stable LP.

Operation steps: Provide liquidity for the HAY/BUSD stablecoin trading pair on the DEX platform, then stake the LP tokens into Helio. Currently, the APR for HAY/BUSD Stable LP in Helio is 19.77%.

![stablecoin yield strategy update: USDD, Canto, Velodrome, Helio, Wombat])https://img-cdn.gateio.im/webp-social/moments-4c190981d5e6139f91f106bc7a27c450.webp(

Wombat Exchange Ecosystem: Multiple Stablecoin Strategies

Wombat Exchange is a stablecoin exchange DEX on a certain public chain, featuring low slippage and shared liquidity. It is backed by multiple well-known investment institutions.

The Main Pool of Wombat shows that the median APR for USDC, USDT, DAI, and BUSD are 11.44%, 11.14%, 10.85%, and 7.57% respectively. These figures include the effects of locking and holding the relevant tokens.

Applications similar to a certain well-known protocol have also emerged around Wombat, such as Wombex Finance and Magpie, which offer users higher yield opportunities.

Risk Warning: The cryptocurrency market has high risks, and security incidents occur frequently. Investors should act cautiously, fully understand the risks, and diversify their investments reasonably.