Brothers, recently more and more people are making stablecoin yields on-chain, but there are really not many that can deliver! Today we must talk about the USD1 from @ListaDAO , this thing truly has something going on with 'on-chain liquidity'.
Why is it so impressive? Simply put, three points:
1. The yields are tangible: You deposit assets (like mainstream coins such as ETH, BNB) into @ListaDAO , and it generates stablecoin USD1 for you. This USD1 is not just for show; you can directly use it to mine in various DeFi pools and earn interest! It's like one amount of money (your collateral asset) generates two forms of income (the potential appreciation of the asset itself + the earnings from mining USD1), the efficiency is outstanding.
2. Stability is key: USD1 is not printed at random; it has real over-collateralization backing it up. The mechanism behind @ListaDAO is designed reliably, aiming to keep the price of USD1 firmly pegged at 1 dollar, making it safe to use.
3. King of liquidity? There’s potential! What is currently lacking on-chain? A stable liquidity that is both useful and stable, and can also generate income! @ListaDAO is working on USD1, aiming to be the 'liquidity engine'. You deposit assets to generate USD1, and USD1 can circulate in various pools, making the money on-chain more active. They proclaim that @ListaDAO leads the on-chain liquidity of USD1; this slogan is ambitious, but the approach seems quite right!