Stablecoins are the best business and one of the future buyers of US debt (the best path for project parties to enter the market). However, most stablecoin projects are only tied to the interests of big B or studios (in terms of TVL), with little connection to retail investors.
River (formerly Satoshi Protocol) is a community-driven stablecoin project that integrates YAP into the points system (airdrop), giving a sense of “doing stablecoins in reverse” similar to Pinduoduo.
Project situation:
Through the three modules of Omni-CDP, Yield, and 4FUN, it covers asset generation, liquidity appreciation, profit distribution, and contribution governance.
- Omni-CDP: Supports collateral of mainstream assets such as BTC, ETH, BNB, and supports cross-chain minting of stablecoin satUSD
- Yield: Profit strategy that distributes stablecoin strategy profits to satUSD stakers
- 4FUN: River has built its own points incentive system that combines YAP
Airdrop activity:
The project has just launched the S2 airdrop activity:
- Mint and form stablecoin pools with a 50x points bonus
- Link X accounts through River4FUN, YAP to earn, making River a more community-oriented stablecoin project (no longer just tied to TVL), remember to tag @RiverdotInc or @River4fun when posting
- There is now an OAT activity, holding 10 satUSD is enough (recommended to participate)
Product upgrade in 2 weeks, TVL has skyrocketed to 120M, and the circulation of satUSD is 20M.
Investors include CMS Holdings, RockTree Capital, Cypher Capital, Cogitent Ventures, Side Door Ventures, Optic Capital, and Metalpha (just listed on Nasdaq).
Now it’s still not competitive, go for it, invite link with 1.2x bonus ⬇️
