A quiet way to earn yield
on USD and USDT.
Stablecoins sit in a lending book; an algorithm keeps the quoted rate competitive so they stay lent out. No trading, no leverage. The numbers below are pulled live and aren't edited.
Yield over time
Rolling 30-day annualized net APY (gold). Cumulative USD earned (cyan).
Monthly yield
Each bar is the net yield earned in that calendar month, as a percent of the book's size.
Allocation
Live, by stablecoin.
The short version
Lending, not trading
Stablecoins are placed in a funding book where borrowers pay interest to hold them. The principal doesn't move with the market — the only variable is the rate.
Rates are kept fresh
An algorithm tracks the benchmark funding rate and reposts offers every few minutes, so the book stays near the top and capital stays deployed.
Interest compounds
Settled interest is redeployed on the next cycle. The curve above shows the compounded result, indexed to 100 at inception.