Following the launch of tsUSDe with an 18% APY in collaboration with TG at the end of May, both parties jointly introduced a limited-time dollar deposit preferential interest rate of 15% APY at the end of June.
Deposit token: USDT (after deposit, the official will automatically convert USDT into USDe, thereby earning annualized yield).
Annualized yield: Deposits of USDe up to 25,000 can earn a 15% APY bonus (until the reward pool is exhausted).
Reward token: Issued in USDe, rewards withdrawn to the wallet will automatically convert to USDT.
Participation method: Use the built-in official wallet in TG, select 'Benefits', choose 'Tether', click 'Start Earning', and click 'Deposit'.
Why is it USDT deposits instead of USDe?
Up to 90% of the stablecoins on the TON blockchain are USDT, valued at approximately 770 million. Through a one-click function, the process for users to obtain USDe earnings is simplified, effectively attracting these tokens into the Ethena ecosystem.
Summary
Ethena's subsidies keep coming one after another. As I have always emphasized, if you want to pursue high yields from safe stablecoins, just keep an eye on the movements of the fourth largest stablecoin issuer, Ethena!
The tsUSDe launched at the end of May will end in September, and the preferential interest rate will gradually decline, currently around 14%.
Therefore, after the significant decline in tsUSDe interest rates, everyone may consider converting to USDT to continue earning high yield interest in the TON wallet.
(Before using the TON blockchain, don't forget to prepare some TON$BNB as gas fee.)
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※ Ethena code:
eu54u
※ The above content does not constitute investment advice. Users should operate according to their own risk tolerance. DYOR and participate in the investment market cautiously.
※ The attached images are from TON and Ethena.
#ethena #USDe #Stablecoins #TON $TON $ENA