The cryptocurrency market is witnessing a significant surge in stablecoin demand, with borrowing rates reaching unprecedented levels. Platforms like Yield Yak on Avalanche have reported a steady increase in stablecoin yields, with USDC and USDT yields reaching as high as 35% and 23% respectively. This trend is echoed across various DeFi platforms, with THORChain offering zero-interest loans and MakerDAO raising its interest rate to 17.25%, leading to an annual interest payment of $60,375. The high demand for stablecoins is primarily driven by borrowers looking to leverage these assets for purchasing cryptocurrencies like BTC and ETH or to earn USD-denominated yields. This has led to a notable increase in the total value locked (TVL) in these protocols, with THORChain's TVL surging after a significant RUNE burn to boost lending capacity, resulting in a 70% increase in $RUNE value. Additionally, platforms like OKXEarn and Synonym Finance are offering attractive yields for stablecoin deposits, with OKXEarn yield reaching 57% and Synonym Finance offering a total yield up to 66% for USDC suppliers. Aave has also been highlighted for its 45% APY for USDC, while THORChain reports stablecoins doing 5x volumes over depth, resulting in 100%+ APR figures.
So many good arbs like this, You don’t even need to pay L1 tx fees, here’s a secret: 1) deposit sDAI on aave gnosis, earn 20% apy from tmr (13 now) 2) borrow usdc at 6% APR 3) use @JumperExchange to teleport in arbitrum 4) earn 20% on your usdc on aave. https://t.co/FcbCeCrqvj https://t.co/6S5rKUfvFT
there's massive discrepancies between $USDC borrow rates on @aave Ethereum: 48% Base: 5% https://t.co/XgigmzKHXe
This is crazy - @aave lenders demanding 20% to 40% APR for borrowing stables. Curious to understand why one would seek to borrow at these rates. Basis trading on CEXs yields ~20-30% APR - what other opportunities are these people looking at? h/t @thiccyth0t for bringing this up. https://t.co/zyReckDfrj
Stablecoins on TC are doing 5x volumes over depth. Resulting in 100%+ APR figures (real yield). https://t.co/XrUgQphlGr https://t.co/gt1CuJWkVJ
45% APY for USDC on @aave ??
What are you favorite places to get USDC yield right now? (and do you see any risks to it?)
If you’re not turbo long $rune here I don’t know what you’re doing in the space @THORChain is the best defi setup I’ve ever seen here and it wasn’t even intended The Ethena yield situation pushes up the cost of borrowing so high on Aave, it makes TC’s flywheel irresistible
.@THORChain just broke it's daily volume ATH 3 times in one week.
Earn 22.8% APY on $USDC Follow the link in the next tweet ☟ https://t.co/FXb9jpdeT1
With the currently high asset utilization, USDC base Supply APR is sitting at ~21%, quite the attractive rate for lenders. In order to further incentivize USDC liquidity we've also raised $SYNO emissions for USDC suppliers, bringing the total yield up to 66%. 👀 https://t.co/iLrHccy6lK
Cross-chain liquidity protocol @THORChain has seen its usage and TVL surge after burning 60M RUNE last week to boost its lending capacity. $RUNE is up nearly 70% in the past week🚀 Read more: https://t.co/RLO18y3zCm https://t.co/3TP5lW165k
Actual performance of stablecoin yields on @avax the past 7 days (with most increasing by the day... https://t.co/M81CQnF36b https://t.co/DJWuL13Y3B
DeFi is a treasure trove, if you know how to find yield. On @yieldyak_, you can access auto-compounding to boost your yield, and even trade with zero fees in their DEX aggregator. And with the new Flipside Quest, you can earn $AVAX for learning how to do liquid staking 💸🧵 https://t.co/JLxi8yIhfw
The latest surge in the #crypto market has propelled the #OKXEarn yield to an impressive 5️⃣7️⃣ %. Unlock the potential of your idle $USDC, $USDT, $BTC, & $ETH by depositing them into Simple Earn. ⏰Maximize your earnings now: https://t.co/wxyjCFWqHp https://t.co/yJRqBMxEPc
it would have really helped if someone would have mentioned to me @DeltaPrimeDefi's stablecoin yields on @avax $USDC 27.22% $USDT 21.45% $AVAX 5.06% can't believe ive been earning like 10% less on Binance like a normie this whole time 🫣 https://t.co/IDH9oFrwL1
Just pulled some lending numbers. 3968 total loans to date on THORChain. 3046 come from THORSwap. THORSwap accounts for > 76% of all loans. By volume: $37,685,622 / $46,964,769 Collateral TS/TC (80.24%) $14,550,546 / $18,398,112 Borrowed TS/TC (79.09%) Basically, 80% of all…
Another 7 figure @THORChain loan opened https://t.co/buOUnjdIyq
520.7 $eth @THORChain loan ($2.1m) New size record https://t.co/5yjN7gi1bv
If you are leveraged long BTC or ETH and plan to stay that way for the next 30 days, you’re being financially foolish if you don’t move over to @THORChain no-interest and no-liquidation loans The best TC lending interface I’ve seen so far is @THORSwap
Anyone have real data on why stablecoin borrow rates have skyrocketed? Are people primarily borrowing to buy more BTC/ETH/stETH, or are they using it to earn USD-denominated yield somewhere else?
WOW one of the biggest opportunities to eat a DeFi platform's lunch has just presented itself for @THORChain MakerDAO has "Temporarily" raised their interest rate to 17.25% as of 12 hours ago. I was running math on my vault and I am now paying $60,375 PER YEAR in interest… https://t.co/2kEttT8sCd
do people understand how insane zero interest loans on @THORChain are, esp in an environment where the cost to borrow is skyrocketing as protocols fr Maker to every smol lending protocol have to adjust their IRC to survive please... spend 5 minutes to understand the mechanic
It's telling that stablecoin demand is up-only with supply not meeting borrowing demand. Stablecoin yields on @avax this past week via Yield Yak have been steadily increasing, highlighted by: @DeltaPrimeDefi $USDC 35% $USDT 23% @BenqiFinance $USDT 20% $USDC 18% https://t.co/oLQ0Z4VyW2
It is telling that stablecoin demand is up-only with supply not meeting borrowing demand. Stablecoin yields on @avax this past week via Yield Yak have been steadily increasing: @DeltaPrimeDefi $USDC - 35% $USDT - 23% @BenqiFinance $USDT - 20% $USDC - 18% https://t.co/JzPRCgXwOh