How many stablecoins we need? Guess the more the merrier. And we have another blue-chip yield-bearing stablecoin that aggregates yields from blue-chip protocols.

Here comes @TokemakXYZ $autoUSD 🧵

【 Whats this shinchan?】

- autoUSD is curated by @TokemakXYZ, it aggregates only blue-chip yields sources for stables under one single product. It’s like lvlUSD but more curve centric imo

- When deposited $USDC, it deploys underlying liquidity across protocols like @aave @0xfluid @MorphoLabs @Balancer + yield-bearing stablecoins such as @ethena_labs sUSDe + @fraxfinance $sFRAX

- As APRs fluctuate, its autopilot adjusts the underlying collateral to ensure LPs earn the best rates.

- @Archer_MD_ hinted that autoUSD is for blue-chip protocols and there's an upcoming turboUSD that targets a higher returns with riskier farms (https://t.co/BnK2yqSy2R)

【 How's the deposit flow?】

(1) Deposit $USDC to receive $autoUSD via https://t.co/Y6TKF9IZl6

(2) Stake your $autoUSD to earn additional $TOKE

(3) There's no withdrawal limit / lock-up period

APR is now 12% with $25M TVL. Wt shinchan likes abt it is that they hv a transparent dashboard that showcases token allocations, protocols interacted + rebalances involved. Also you can see the entire liquidity flow there.