Latest Trends in Stablecoin Yield Strategies: Diversified Options and Risk Assessment

In the current market environment where the US dollar index is high and risk assets are declining, holding US dollar assets and earning returns has become a choice for many investors. Recently, some well-known DeFi projects have also been actively using idle US dollar assets to generate income. For example, MakerDAO's recently passed MIP 81 proposal will transfer up to $1.6 billion of USDC to a certain custody service, with an expected annual return of 1.5%.

This article will explore the latest trends in several stablecoin yield strategies, providing readers with a diversified range of options.

USDD+3Crv Strategy

USDD is a stablecoin launched by a well-known blockchain ecosystem. As of October 27, the issuance of USDD is 725 million, with collateral valued at 2.23 billion USD and a collateralization rate exceeding 300%. Among them, the amount of USDC collateral reaches 990 million, significantly exceeding the 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 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 first deposit supported stablecoins into the relevant pools and then stake the obtained LP tokens on the designated platform.

It is worth noting that certain platforms offer higher yields within the native ecosystem of USDD. For example, the annualized yield for USDD deposits on a certain lending platform can reach 9.52%.

![stablecoin yield strategy update: USDD, Canto, Velodrome, Helio, Wombat])https://img-cdn.gateio.im/webp-social/moments-fd2ea20b9e357c2340ba90d31397414a.webp(

Stablecoin Strategy of the Canto Ecosystem

Canto is an EVM-compatible DeFi public chain within the Cosmos ecosystem, offering functionalities such as DEX, lending, and the stablecoin NOTE. Currently, the total locked value of Canto is approximately $100 million.

Canto's lending platform shows that the APR for NOTE/USDT LP is 32.14% and for NOTE/USDC LP is 29.47%. NOTE is a stablecoin minted through over-collateralization in Canto, and liquidation will not occur when the collateral is USDC and USDT. Investors may consider using part of their USDT to mint NOTE through collateralization, then provide liquidity with NOTE and the remaining USDT, and finally stake the LP tokens on the lending platform.

However, the cross-chain operations of Canto are relatively complex, and investors need to assess them cautiously.

![stablecoin收益策略更新：USDD、Canto、Velodrome、Helio、Wombat])https://img-cdn.gateio.im/webp-social/moments-f908085e59600caf56736109ea2887bc.webp(

sUSD+LUSD Strategy on Optimism

The current TVL of a certain DEX platform on Optimism is $82 million, surpassing other major DEXs on the chain. The liquidity mining APR for the sUSD/LUSD trading pair on this platform is 16.12%. sUSD and LUSD come from Synthetix and Liquity, respectively, and are both considered relatively safe stablecoins.

![stablecoin yield strategy update: USDD, Canto, Velodrome, Helio, Wombat])https://img-cdn.gateio.im/webp-social/moments-8cab21490ff79e0a9672744a359692e3.webp(

HAY+BUSD Strategy on BNB Chain

Helio Protocol is a liquidity staking and lending protocol on the BNB chain that allows users to over-collateralize borrowing decentralized stablecoin HAY. Currently, Helio's TVL is $92 million, with approximately $20 million staked in a certain DEX HAY/BUSD Stable LP.

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

![stablecoin yield strategy update: USDD, Canto, Velodrome, Helio, Wombat])https://img-cdn.gateio.im/webp-social/moments-3188761d6843cd48b2defbb113a27a1c.webp(

Multi-Coin Strategy of Wombat Exchange Ecosystem

Wombat Exchange is a stablecoin exchange DEX on the BNB chain, featuring low slippage, shared liquidity, and the ability to stake using a single token. The platform has received investment support from several well-known institutions.

Currently, the Main Pool of Wombat shows that the median APRs for USDC, USDT, DAI, and BUSD are 11.44%, 11.14%, 10.85%, and 7.57%, respectively. These figures include the accelerated earnings from locked WOM and holding veWOM.

Applications similar to Convex have also emerged around Wombat, such as Wombex Finance and Magpie, where ordinary users can potentially earn higher returns through deposits.

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

Risk Warning

The overall risk of the cryptocurrency market is higher than that of traditional financial markets, with frequent security incidents. Investors should act cautiously, diversify risks, and fully understand the specific risk points before investing. It is recommended to conduct in-depth personal research and not blindly follow the investment strategies of others.