At that time, introducing @USDai_Official, this project was basically ignored. A month later, the hype has increased significantly, and the last open quota was filled rapidly within an hour. The current TVL is 160M. They will increase the quota to 210M again on September 11th, and there are two ways to play: The first way is the simplest: stake in and earn points, which can be used for ICO / Airdrop; I will share more details about this later. I mainly want to share the second way, which you can participate in even if you are not optimistic about the points. It involves grabbing the quota and then waiting for $USDai to appreciate. Since the last quota was filled, USDai has maintained a premium, with the current price at 1.01. This means that if we can exchange USDai at a 1:1 rate when the quota opens, we can sell it later and immediately earn 1%. Of course, this premise is that there must be a large demand for USDai, but based on the current discussion and hype around the project,...
Recently noticed a new stablecoin protocol @USDai_Official, the background looks pretty good, with backups from @hiFramework, @dragonfly_xyz, @DCGco, etc. I looked at the documentation, and they plan to use computing power hardware as collateral in the future. I'm not quite sure how this model will work in practice. They said they would wait until the TVL reaches 200M before converting some of the collateral into computing power hardware. So right now, the first phase is 100% backed by t-bills + bonds lent to Nvidia, so there's no need to worry too much. The yield is currently around 7.5%～ This project just went live on Monday, and now you can deposit to mine points for airdrops. Later, @pendle_fi should also be involved, so we can see if there are any opportunities on YT～ Currently, I have deposited a bit of LP, with 10x points. Additionally, they have $ARB rewards, with an APY of around 60%, which is pretty good. The rewards last for 30 days. But be aware that the withdrawal...
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