July 4th weekly APY Update 🚨
1️⃣ slvlUSD delivered a weekly APY of 5.3% this week.
2️⃣ Reserve Composition
Current allocation across lending strategies:
→ $79.1M in aUSDC
→ $63.8k in aUSDT
→ $33.18M in steakUSDC (Morpho)
Total Reserves: $112.33M
Check out our live Transparency Dashboard:
3️⃣ Total Yield Distributed this week: $77.03k
4️⃣ XP Yield Highlights
→ Curve LP: 60x XP
→ Pendle (Sep expiry):
• lvlUSD PTs: 40x XP
• slvlUSD PTs: 20x XP
→ Morpho M11 Credit Vault (lvlUSD): 40x XP
5️⃣ Bits of the Week
→ @KedianSun attended ETHCC Cannes
→ @Nemi_0x released a research paper on DeFi's lending renaissance
→ The poker tournament with @turtleclubhouse & @TezzaPoker attracted over 200 participants
→ Japan's first digital bank, Minna Bank, teamed up with Solana and Fireblocks to test stablecoins
→ The US House designated July 14-18 as "crypto week"
→ @Ripple applied for a national bank charter from the OCC
6️⃣ Transparency Note
APY is calculated as protocol revenue distributed to slvlUSD holders, divided by daily average slvlUSD supply since last distribution, annualized with compounding.
Past performance does not guarantee future results.
How to earn:
🔹 Mint lvlUSD →
🔹 Stake for yield → Convert to slvlUSD + track rewards
🔹 Unstake anytime → Redeem after 3-day cooldown
Not available in the U.S.
Show original
14.84K
48
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.