2 New Stablecoins to Earn up to 21.89% APY

2020-10-28 09:50:00 · 8403 views · 4 min read


When we mention stablecoins, you must think of three common stablecoins: USDT, USDC, and TUSD at first. DeFi is developing very fast, there are other stablecoins in the current market that worth knowing in addition to these 3 common stablecoins. 



We’ve introduced stablecoin staking in our previous article Where and How Much You Can Earn? -- DeFi Stablecoin Staking before. Today, we are going to review 2 new more stablecoins that outstand in the recent market -- mUSD and OUSD and their projects behind. 


(For more DeFi statistics or rankings, you can check the DeFi topic page: https://www.dapp.com/topics/defi)





mStable is a platform that unites stablecoins, lending and swapping into one standard. It reduces the complexity and fragmentation in the usability of stablecoins. mUSD is the stablecoin of mStable platform.



SAVE is mStable’s savings account. Any user can get an opportunity to earn a native rate on his or her mUSD. The average daily APY of mUSD saving over the past 7 days is 8.24%. 



How to earn from this stablecoin savings? You can access this SAVE rate by minting mUSD 1:1 with your stablecoins. When you deposit basket assets (bASSETS) such as USDT, USDC, TUSD and DAI to mint mUSD, these bASSETS get loaned out to various decentralized lending platforms such as Aave and Compound, which pay out interest. Then you can start earning accrued in real-time.




OUSD (Origin Dollar) is the first stablecoin that earns a yield while it’s still in your wallet. It’s produced by the Origin Protocol team.



The earning APY by the time of writing is 21.89% (the APY changes in real-time).



The same as mUSD, you can convert your USDT, USDC, and DAI to OUSD to start earning yields. 



Your funds are managed by automated strategies in transparent OUSD smart contracts. It will invest your stablecoins to Compound, Aave and dYdX to earn the best ROI. It will also supply stablecoin liquidity to Uniswap, Balancer and Curve to earn trading fees. In this process, COMP, BAL, CRV, and other rewards tokens will be accrued and converted to stablecoins for additional yield earning.



And all the DeFi yields are automatically converted to OUSD and stored in your wallet. There’s no minimum holding period or minimum OUSD amount required to earn yields. What’s more, there’s no staking or lock-ups required for your OUSD balance, so you can use your OUSD directly without having to unstake or unlock capital. 




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