Thread by @ChickenBonesNYC

Anyone with stables sitting in their wallet needs to consider holding $USDs instead, brought to you by @SperaxUSD. Why not earn 8%-12% on that cash without having it leave your wallet? #realyield 👇 🧵1/11

Crypto has rallied recently. Are we back? Still too early to tell. However, whether you have stables parked until confirmed, or you just took profit on recent #LSD and #AI gains, #Sperax allows you to get paid to wait. Let’s break it down. 2/11

#USDs is minted by depositing a select group of stables ( $FRAX, $USDC , $DAI ). Once minted, the deposited assets are deployed across a handful of established yield strategies, and the yield is passed on to USDs holders. No other stablecoin does this. 3/11

Yield breakdown: 50% of all yield generated by collateral is periodically distributed to those simply holding $USDs in their wallet. 4/11

Those that deposit USDs in LPs do not earn the yield, providing those who simply hold it a boost. Here is a recent breakdown of yields to $USDs holders. 5/11

To recap, 50% of yield generated by the collateral deposited for USDs is paid to those holding USDs in their wallet. So where does the other 50% go? 6/11

The other 50% is used to buy back the governance token $SPA. Of that total, half is burnt and the other half is distributed to $SPA stakers. This makes $SPA a sleeping giant if $USDs grows as much as it should 7/11

@SperaxUSD dropped their 2023 roadmap a few days ago, and it gave plenty of reason to be excited, with @GMX_IO and @vela_exchange in the talks for integrating $USDs as collateral. 8/11

Additionally, if following the @Arbitrum ecosystem, you know integrating with @PlutusDAO_io will boost adoption. Their roadmap outlines how the #SPA Wars are about to kickoff, with $PLS $plsSPA ready to play a major role. 9/11

In conclusion, two ways to make money here: either sit back and hold $USDs for passive yield, or play the growth of $USDs by owning $SPA and buckle up. It’s going to be a fun ride. 10/11

Tagging for visibility: @thedailydegenhq @crypto_linn @DegenCamp @LouisCooper_ @thedefiedge @PlutusDAO_io @andrewsaunders @eli_defi @systems_value @0xthade @FungiAlpha @PrimapesDAO @CrossChainAlex 11/11