Latest Updates on Stablecoin Investment Strategies: Diversified Choices and Yield Opportunities

The current US dollar index is at a high level, and risk assets are on a downward trend. In this context, holding US dollar assets may be a wise choice, especially those that can generate returns. It is worth noting that some leading decentralized finance projects are also actively leveraging idle US dollar assets to create yields. This week, MakerDAO's MIP 81 proposal was approved, planning to transfer up to 1.6 billion USDC to a certain custody service to obtain an annual return of 1.5%.

USDD+3Crv Strategy

USDD is a stablecoin managed by a certain institution. As of October 27, the issuance volume of USDD is 725 million, with collateral valued at 2.23 billion USD and a collateralization ratio exceeding 300%. Among them, the collateral amount of USDC reaches 990 million, far exceeding the issuance volume of USDD, indicating a lower risk coefficient. Recently, with the change of ownership of a certain trading platform, the platform delisted HUSD while launching multiple USDD trading pairs and waived related trading fees, all of which have had a positive impact on USDD.

A certain DeFi platform shows that the annualized yield for the USDD+3Crv pool is 19.66% APR(, and 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 one or more of the supported stablecoins on the USDD+3Crv pool page of the platform, and then stake the LP tokens in the platform.

In the ecosystem of a certain public chain, the application of USDD is more extensive. For example, the annualized yield of the USDD-USDT trading pair on a certain DeFi protocol can reach as high as 41.9% (requiring locking and staking of platform tokens), while the annualized yield for USDD deposits on another lending platform is 9.52%.

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

Canto: USDT+NOTE Strategy

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

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. Currently, the price of NOTE is $1.04, and it is recommended to mint NOTE by partially collateralizing with USDT, 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 operation is relatively complex. When entering, you need to cross-chain from Ethereum to Canto, and then convert to Canto's ERC20 token. When exiting, you first need to convert to Canto's native token, then cross-chain to the Cosmos cross-chain bridge, and finally transfer the assets back to Ethereum through a Cosmos ecosystem wallet.

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

Velodrome: sUSD+LUSD Strategy

Velodrome is a DEX on Optimism, derived from Andre Cronje's Solidly developed on Fantom. Currently, Velodrome's TVL is $82 million, surpassing some well-known DEXs on Optimism.

sUSD and LUSD are two relatively safe stablecoin projects. Currently, the APR for the sUSD/LUSD trading pair liquidity mining in Velodrome is 16.12%.

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

Helio: HAY+BUSD Strategy

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

A well-known DEX has specifically added a StableSwap exchange entry for HAY and BUSD on its Swap page, indicating that HAY has a certain level of market recognition. Currently, Helio's TVL is $92 million, with approximately $20 million in staked HAY/BUSD Stable LP.

Investors can provide liquidity for the HAY/BUSD stablecoin trading pair in the DEX and then stake the LP tokens in 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(

Wombat Exchange Ecosystem: Various Stablecoin Strategies

Wombat Exchange is a stablecoin exchange DEX on a certain public chain, featuring low slippage, shared liquidity, and the ability to stake with a single token. The trading fee for stablecoins on the platform is only 0.01%.

Wombat Exchange has received investment support from several well-known institutions, including the venture capital department of a large exchange, public chain foundations, gaming companies, and more.

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 acceleration effect of locking WOM and holding veWOM. Without locking WOM, the actual returns would be lower.

Applications similar to certain well-known DeFi protocols have also emerged around Wombat, allowing ordinary users to earn higher yields through these applications. For example, one platform currently has a TVL of $89.49 million, with deposit APRs for USDC, USDT, DAI, and BUSD at 13.93%, 12.71%, 15.29%, and 17.16%, respectively. Another platform has a TVL of $25.90 million, with corresponding APRs of 11.62%, 11.82%, 14.52%, and 9.65%.

It is important to note that the overall risk in the cryptocurrency market is higher than in traditional financial markets, with frequent security incidents. Investors should diversify their risks, fully understand the specific risk points before investing, and conduct independent research.

![stablecoin收益策略更新：USDD、Canto、Velodrome、Helio、Wombat])https://img-cdn.gateio.im/webp-social/moments-4c190981d5e6139f91f106bc7a27c450.webp(