Reserve launches high-yield stablecoin hyUSD, with an APY of up to 8.8%.

Renata2024/12/04 03:15

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Reserve Protocol is a decentralized stablecoin platform that aggregates tokenized assets to create fully decentralized stable cryptocurrencies (RTokens). The ultimate goal of Reserve Protocol is to provide an alternative to fiat currency.

On December 4th, according to Reserve's official announcement, users can enjoy an annualized return (APY) of 8.8% by minting high-yield stablecoin hyUSD on the Base chain. They only need to hold it to earn, and it also has excess collateral protection (currently at a collateral rate of 134%). In addition, users can also obtain an annualized return of up to 24% by staking RSR tokens on hyUSD or other RTokens.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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