🎉 #Gate Alpha 3rd Points Carnival & ES Launchpool# Joint Promotion Task is Now Live!
Total Prize Pool: 1,250 $ES
This campaign aims to promote the Eclipse ($ES) Launchpool and Alpha Phase 11: $ES Special Event.
📄 For details, please refer to:
Launchpool Announcement: https://www.gate.com/zh/announcements/article/46134
Alpha Phase 11 Announcement: https://www.gate.com/zh/announcements/article/46137
🧩 [Task Details]
Create content around the Launchpool and Alpha Phase 11 campaign and include a screenshot of your participation.
📸 [How to Participate]
1️⃣ Post with the hashtag #Gate Alpha 3rd
Stablecoin Yield Product Comparison: Analysis of Four Major Platforms' Low-Risk High Liquidity Solutions
In times of market turmoil, stablecoin yield products become a safe haven
Recently, the global financial market has been extremely volatile, and investors are increasingly seeking safe-haven assets. In this context, low-risk income products based on stablecoins have become a choice for many investors. This article will introduce four stablecoin income products to provide reference for investors.
Spark Savings USDC ( Ethereum )
The Spark platform offers USDC savings services, allowing users to connect their wallets through the official website and deposit USDC. The returns come from the Sky savings interest rate (SSR), generated from cryptocurrency collateral loan fees, investments in U.S. Treasury bonds, and providing liquidity to other platforms. USDC is exchanged for USDS at a 1:1 ratio and deposited into the SSR vault to earn returns, with the value of sUSDC tokens increasing as returns accumulate.
Risk assessment: Low. The stability of USDC is high, and Spark's multiple audits reduce smart contract risks. However, attention should be paid to the potential impact of market fluctuations on liquidity.
Berachain BYUSD|HONEY (Berachain)
Users can enter BeraHub via the Berachain official website, connect a compatible wallet, and select the BYUSD/HONEY pool on the Pools page to provide liquidity. The obtained LP tokens can be staked in the rewards vault to earn BGT.
The sources of income include BGT rewards ( 3.41% APR ) and pool transaction fees ( 10.01% APR ). BGT is the non-transferable governance coin of Berachain, which can be burned 1:1 for BERA and shares the fee income from core dApps.
Risk assessment: Low to moderate. BYUSD and HONEY are stablecoins, with stable prices. The PoL mechanism has been audited, and the risk of the smart contract is relatively low. However, BGT rewards may fluctuate due to emission adjustments.
Uniswap V4 USDC-USDT0 Liquidity Provision (Uniswap V4)
Through the Merkl platform, investors can deposit USDC or USDT into the Uniswap V4 USDC-USDT0 pool. Uniswap V4 introduces a "hook" mechanism that allows developers to customize pool functions, such as dynamic fee adjustments and automatic rebalancing, enhancing capital efficiency and yield potential.
The income mainly comes from UNI token incentives.
Risk Assessment: Low to Medium. The USDC/USDT pool is a stablecoin pair, with lower price volatility risk, but attention should be paid to smart contract risks and the possibility of reduced returns after the incentive period ends.
Echelon Market USDC (Aptos)
Investors can visit the Echelon Market official website, connect an Aptos-compatible wallet, and select the USDC pool to participate in the supply on the Markets page. Users receive supply certificates, and earnings accumulate in real-time.
The yield includes USDC supply interest (5.35%) and Thala's thAPT rewards (3.66%). thAPT is Thala's deposit certificate, minted and redeemed at a 1:1 ratio for APT, with a redemption fee of 0.15%.
Risk Assessment: Low to Moderate. USDC has high stability, but attention should be paid to the smart contract risks within the Aptos ecosystem and the impact of thAPT redemption fees on returns. Instant exit provides high liquidity, but market fluctuations may affect the value of thAPT rewards.
Summary
In the current market environment, stablecoin yield products provide investors with a relatively safe option. The four products mentioned above each have their own characteristics, and investors can choose based on their own risk preferences and investment goals. It is important to note that although these products have lower risks, there are still potential risks such as smart contracts and liquidity, and investors should carefully assess and diversify their investments.
| Product | Chain | TVL( million USD) | APY | Risk Rating | |------|----|--------------:|-----|----------| | Spark Savings USDC | Ethereum | 1,200 | 4.56% | Low | | Berachain BYUSD|HONEY | Berachain | 800 | 3.42% | Low to Medium | | Uniswap V4 USDC-USDT0 | Ethereum | 500 | 2.8% | Low to Medium | | Echelon Market USDC | Aptos | 150 | 9.01% | Low to Medium |
The above data is for reference only and does not constitute investment advice. Investors should conduct their own research and bear the corresponding risks.