Can TON DeFi stablecoin nesting yield an annualized return of 20%? Recently, while preparing the weekly report content and podcasts for @yie1dclub, I happened to see a few updates from @TorchTon regarding stablecoin yields. Overall, the TVL of @ton_blockchain has retraced from the peak of over 700 million USD last July to now about 150 million USD. Nevertheless, this wave of TON ecosystem projects feels more solid and closer to the essence of DeFi. In addition to simple stablecoin staking, it also integrates interactive gameplay with yield tokens (yield trading). Here are a few highlights summarized by the new sauce:

> Torch is a TON ecosystem project supported by @CurveFinance, currently featuring two core products: (i) Stableswap; (ii) A stablecoin for DeFi yields, tgUSD.

> tgUSD currently has an annualized yield of about 10%, with a TVL of roughly 3M USD, and the underlying stablecoin is allocated to ETH/Aptos/TON.

> tgUSD has launched an airdrop event for 2 months, where participants can earn points by completing DeFi operations such as providing DEX liquidity.

> The interaction volume on decentralized exchanges on TON is relatively low, so the annualized returns for several DEX stablecoin LPs are not high without official subsidies. It is recommended to stake tgUSD in @FivaProtocol for a three-fold benefit: the implicit yield of tgUSD, a 10% annualized yield from the FIVA pool, and FIVA protocol points. However, be mindful of the expiration dates and regularly check the yield changes of your positions.

If you're interested, you can check the current airdrop task page for participation opportunities: