PYUSD每月花費$6.5百萬。還有哪些APY專案值得關注？

As the market value of PayPal USD (PYUSD), the US dollar stablecoin launched by Paypal and issued by Paxos, has exceeded the $1 billion mark, the market value of this stablecoin supported by the giant PayPal has increased by 327% compared to the beginning of 2024.

Such a huge increase has triggered extensive discussions in the community. The reason why PYUSD issuance has achieved such a rapid growth is mainly due to the high incentive strategy recently launched by PYUSD. According to the authors estimation based on the current TVL and APY of PYUSD on the chain, the interest paid to users by PYUSD incentive activities alone exceeds 6.5 million US dollars per month.

As of the time of writing, the APY yield of PYUSD on the DeFi protocol on the Solana chain is generally higher than 13%. Taking Kamino, the largest lending platform on Solana, as an example, 470 million PYUSD enjoy an annualized return of 13.24%, while another lending platform Marginfi has an APY return of 13.46%. Such generous rewards also allowed PYUSD on the Solana chain to surpass the Ethereum chain in mid-August and become the largest issuance platform for PYUSD.

The actual source of PYUSDs high APY is highly controversial in the community. Some community members 相信 that the Solana Foundation pays incentives to encourage users to use Sol chains PYUSD. However, core members of the Solana community, Helius founder Mert and Multicoin managing partner Kyle both clearly stated that the Solana Foundation did not pay any incentives, and all PYUSD incentives came from PayPal.

加密市場有一個特點：大家都在談論如何賺錢，別人賺了多少錢，卻很少有人談論如何控制回撤，如何處理賺到的穩定幣，如何擁有更合理的收益。

Therefore, Rhythm also sorted out some APY projects that have received high attention from the community recently, mainly stablecoins, in addition to PYUSD, and explained the corresponding sources of income. The main source of DeFi is the subsidy of the protocols own tokens, and CEXs financial management projects come from the cooperative subsidies between CEX and projects. Among them, the highest-yielding activity APY is as high as 200%. Although it has ended temporarily, the idea can still be used as a reference.

USDC-隋

As a popular Sol Killer recently, in addition to technological development, Sui has never stopped promoting the development of DeFi on its own network. As the largest lending platform on the Sui network, USDC on NAVI currently has a TVL of over 100 million US dollars and provides an APY return of 13.89%. Similarly, most of the income comes from Suis incentives to users.

Since the current entry and exit of the USDC network requires cross-chain methods such as Wormhole, and Wormhole has performance restrictions on cross-chain, users who want to participate in the Sui network need to plan their time reasonably and leave time margin.

Bybit-USDE

根據Rhythm 先前報道，7 月30 日，Ethena Labs 宣布，從8 月2 日起，所有Bybit 用戶只需在Bybit 帳戶中持有USDe 或以USDe 作為抵押品參與衍生品，即可賺取高達20% APY的收入，每日支付交易…

As of todays posting, Bybits USDe APY is 12.25%, which is still competitive. However, according to the event announcement, the total prize pool for this event is 3.3 million USDe. If users still want to participate in the USDe event, they should reasonably estimate the event stop time to avoid concentrated sales after the event stops, which may cause potential slippage of USDe.

阿夫·GHO

Aave, one of the benchmarks of DeFi protocols, is also providing incentive subsidies for its stablecoin GHO. This incentive plan has increased GHOs APY to more than 20%. Currently, about 78 million GHO are staked in it.

用戶質押GHO後，需在社群搭建的功績介面上領取這部分獎勵獎勵。

但值得注意的是，協議質押的GHO的解鎖期為20天，這使得GHO的流動性彈性不及其他協議。

幣安-TON

Binance Launchpool not only launched Toncoin, but also launched a series of financial activities related to TON. The most notable one is the Super Earn activity that has ended. The activity provides TON holders with a high annualized APY of 300%, even if each user only deposits a maximum of 1,350 TONs and the activity market is 20 days. But the expected income is more than 200 TONs. Super Earn reached the subscription limit within a few minutes after it was opened.

Since the activity requires the deposit of non-stable coins, in order not to be affected by the rise and fall of tokens. Users can pledge stable coins on CEX to borrow Ton, and get this APY without considering the rise and fall of Ton. If you are a DeFi Degen, you can pledge USDT on the Ton network to borrow Ton. In this case, you don鈥檛 even need to pay the borrowing APY, because USDT鈥檚 APY is higher. This method can be widely used in scenarios that require non-stable coins.

上面的文章總結了一些社會上熱烈討論的穩定理財的方法。至於賺取更高APY收益的方式，例如DeFi的第二池、綠貓工作室的空投玩法等，收益的穩定性、收益來源、贖回時間都不確定，暫時不涉及。

By continuously looking for risk-free returns like this, any user familiar with cryptocurrencies will have the opportunity to participate and enter a Fire-like state where income covers daily expenses. I hope that this basic stablecoin APY income strategy will allow everyone to have the last piece of land for themselves while facing the anxiety of the myth of getting rich quickly.

本文不構成投資建議。使用者應考慮本文中的任何意見、觀點或結論是否適合其特定情況。根據此資訊進行投資的風險由您自行承擔。

原文連結

This article is sourced from the internet: PYUSD spends $6.5 million every month. What other APY projects are worth paying attention to?

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