Do you think there are enough stablecoins? The scale of stablecoins next year will be at least 10 times that of this year Hardcore Tip: This article requires a certain level of DeFi knowledge, and only after reading it can you truly understand stablecoin projects There is a great opportunity to study and understand the mechanisms of various stablecoin projects The mechanisms designed by Ethena and Falcon are forward-looking and worth learning for all project parties involved in stablecoin development (This is not for you to buy ENA and FF) [Basic Version]: two ⃣ Coin or 3 ⃣ Coin mode, at least one self issued stablecoin USDX, one project's token ABC How to play stablecoin projects? 1) The annualization of stablecoin USDX for large investors 2) Small retail investors speculate on governance token ABC two ⃣ Coin is the most fundamental model [Intermediate Version]: Adding staking above ABC and USDX involves the 'strengthening staking' mechanism For example, ENA can stay as sENA USDe can be staked into sUSDe [Advanced Version]: Collaborate with products similar to @ pendle_fi to create PT/YT models At this point, I think the project is already very good at making cryptocurrency products and understands how to design stablecoin projects Further hype up the mints of PT and YT Treating YT as a meme, Pendle is essentially a "meme launch platform" aimed at various revenue streams and TVL projects [Da Cheng Version]: Form a closed loop of foam one ⃣ Use USDT to mint USDX two ⃣ USDX can be staked into yUSDX three ⃣ Both USDX and its derivative yUSDX can mint PT four ⃣ Deposit PT into the Lending project (such as @ aave) and lend USDT five ⃣ USDT can also mint USDX, repeat action 1 ⃣ So far: the USDT of $10 can amplify the asset foam of $30 to $50 through the DeFi trick [Flying Version]: USDX can also be used as the gas for the public chain, and even Staking is required to create a Validator node for the public chain. The stablecoin public chain offers high interest deposits, with an annualized return of 8% to 15%. Depositors also enjoy the benefits of blockchain packaging Speaking of nodes: we can sell nodes again and establish a 20 layer distribution mechanism. Here, water is another dimension of depth, which has exceeded the cognitive scope of 99% of non exchange/project personnel When it comes to annualized APR returns: Under the "Enstaking" mechanism, revolving loans can also push USDX returns to over 30%. At this point, only the "people around the project" will know how to operate it, which ordinary non DeFi expert users cannot understand At the same time, USDX can also be used as the engine for all user behavior on the chain, and there are too many ways to expand this gameplay. Tether's @ table public chain is very likely to do so ========================== Do you remember what I said earlier this year? Who can generate assets from the air, and who are the real financial experts who create projects