River has directly launched the first USDT Vault on the ETH mainnet, which is actually quite interesting:
Quota: 10 million U, Duration: 45 days
Earnings model: 16.8% stablecoin interest + River Pts rewards
Final settlement: satUSD + River Pts
Entry:
This is not simply about who can grab the rewards, but rather the team is using the most straightforward way to tell the market:
Real earnings + points subsidies can be operational and scalable.
For the entire DeFi space, this could be a milestone from empty mining to returning to real earnings.
@RiverdotInc @River4FUN
All funds are safe. Yield strategies are ready to begin.
The first $10M USDT cap is now fully subscribed. Thank you to everyone who participated and supported this milestone.
We are entering the next stage. Assets are ready, and together with our strategy partners we will begin executing yield strategies on Sep 15 to deliver returns for our users.
Withdrawal Date: Nov 2 — all funds can be redeemed at that time.
▸ Transaction Hash:
This is only the beginning. We will continue to update the community as yield strategies progress.
Thank you for building this milestone with us, and stay tuned as new vaults and additional strategy opportunities may follow.
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