Mountain Protocol’s USDM, for example, backs its price by holding U.S. Treasuries, but passes on the bond yields to token holders unlike stablecoin giant Tether’s USDT. Maker’s stablecoin shares protocol revenues from its real-world asset (RWA) backing and DeFi lending activity for savings DAI (sDAI) holders. Meanwhile, Ethena’s “synthetic dollar” USDe harvests the funding rates with a carry trade, and shares the revenue with those who lock up (stake) the token on the protocol.
Bitcoin Prepping New Lows, Trader Warns as Bollinger Bands Tighten
Bitcoin added downside BTC price warnings as Binance order-book data showed multiple investor classes selling coins into the weekend.This article...
