Optimize Stablecoin Yield Strategies: Explore New Opportunities in Decentralized Finance

In the current market environment, with the US dollar index soaring and risk assets declining, how to generate returns through dollar assets has become the focus of investors. Recently, several leading DeFi projects have also been actively seeking yield opportunities for idle dollar assets. This article will explore several emerging stablecoin yield strategies to provide investors with more options.

Convex: 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 exceeding 300%. Among them, USDC collateral amounts to 990 million, far exceeding the issuance of USDD, indicating a lower risk coefficient.

A certain trading platform recently delisted HUSD while launching multiple USDD trading pairs with zero fees, which is also beneficial for the development of USDD.

Currently on Convex, the annualized yield of the USDD+3Crv pool is 19.66% APR (, and the APR of 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.

Operation steps:

1. Deposit supported stablecoins through the Curve entry on the Convex USDD+3Crv pool page.
2. Stake the obtained LP coins in Convex

It is worth noting that in the ecosystem of a certain public chain, the use of USDD is more widespread. For example, the annualized yield of the USDD-USDT trading pair on a certain platform can reach as high as 41.9%), requiring the locking and staking of platform tokens (. On a certain lending platform, the annualized yield for USDD deposits is 9.52%.

![stablecoin收益策略更新：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 blockchain in the Cosmos ecosystem, featuring functions such as DEX, lending, and stablecoin NOTE. Currently, Canto's total locked value )TVL( is approximately 100 million dollars.

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 within the Canto ecosystem, and there will be no liquidation when the collateral is USDC and USDT.

Operation suggestions:

1. Use part of USDT as collateral to mint NOTE
2. Provide liquidity with minted NOTE and remaining USDT
3. Stake the obtained LP coins on the lending platform.

It should be noted that Canto's cross-chain operations are relatively complex, and investors should fully understand the cross-chain process before proceeding with operations.

![stablecoin yield strategy update: 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, currently with a TVL of $82 million, exceeding the scale of some well-known DEXs on the network.

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

![stablecoin收益策略更新：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 the decentralized stablecoin HAY from the Helio ecosystem.

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.

Operating Steps:

1. Provide liquidity for the HAY/BUSD stablecoin trading pair on a certain DEX.
2. Stake the obtained LP coins in Helio
3. Helio's Farming page shows 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 Ecological Strategy

Wombat Exchange is a stablecoin exchange DEX on a certain public chain, featuring low slippage and shared liquidity. The project has received investment support from several well-known institutions.

Currently, the median APRs for USDC, USDT, DAI, and BUSD in the Wombat main pool are 11.44%, 11.14%, 10.85%, and 7.57%, respectively. ) includes locked WOM and the acceleration of holding veWOM (.

Applications similar to Convex have also emerged around Wombat, such as Wombex Finance and Magpie, where higher yields can be obtained through these platforms:

• Wombex)TVL 89.49 million USD (: The deposit APRs for USDC, USDT, DAI, and BUSD are 13.93%, 12.71%, 15.29%, and 17.16%, respectively.
• Magpie)TVL 25.9 million USD(: The APRs for USDC, USDT, DAI, and BUSD are 11.62%, 11.82%, 14.52%, and 9.65%, respectively.

Risk warning: The overall risk of the cryptocurrency market is high, with frequent safety incidents. Investors should carefully consider the risks, diversify investments, and fully understand the specific risk points of each project.

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