# Сопутствующие статьи по теме Yield

Новостной центр HTX предлагает последние статьи и углубленный анализ по "Yield", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

I Tested with $10,000: Zero Wear, 8% APY, and Earn Points (Full Tutorial + Screenshots Included)

**Title:** My $10,000 Real-World Test: Zero Wear-and-Tear, ~8% APY, Plus Earning Points (Full Guide + Screenshots Included) **Summary:** This article details a personal experiment with $10,000 on the StandX platform to verify its advertised ~8% APY for its stablecoin, DUSD, while earning trading points. The author created two accounts, each depositing $5,000 worth of DUSD, and used StandX's unique "Block Trade" feature to open perfectly offsetting long and short BTC positions (2x leverage each). This neutralized directional market risk. **Key Results (Over 8 Days):** * **Total Profit:** $16.91 (~7.8% annualized). * **Zero Net Directional P&L:** BTC price movements canceled out. * **Zero Wear-and-Tear:** No losses from fees, slippage, or gas from frequent trading. * **Points Earned:** 380+ trading points. **Source of the ~8.46% APY:** The yield is composed of three layers, all paid in DUSD (real USD value, not governance tokens): 1. **DUSD Base (~1.27%):** Derived from funding rates (similar to Ethena's USDe). 2. **SIP-2 Position Boost (~2.27%):** A protocol revenue-sharing mechanism. Users providing liquidity (via open positions) earn a share of platform trading fees. Leverage acts as a multiplier on this yield. 3. **SIP-3 Universal Fee Share (~4.92%):** A portion of all platform trading fees is distributed to *every* DUSD holder, regardless of whether they trade. **Sustainability Claim:** The author argues this yield is more sustainable than pure funding-rate models (e.g., Ethena) because over 7% of it comes from transaction fees (SIP-2 + SIP-3), which are less dependent on market cycles. **Step-by-Step Strategy:** A concise 3-step guide is provided for replicating the zero-risk strategy using two wallets and StandX's Block Trade to create matched long/short positions. **Risk Disclosures:** The article notes standard DeFi risks: smart contract vulnerability and yield fluctuation (Base yield varies with funding rates; SIP-2/3 yields depend on platform trading volume). **Author's Note:** The author discloses their role in Growth at StandX. The piece is presented as personal testing and analysis, not investment advice.

链捕手Вчера 09:41

I Tested with $10,000: Zero Wear, 8% APY, and Earn Points (Full Tutorial + Screenshots Included)

链捕手Вчера 09:41

Top 10 Promising Emerging Hyperliquid Native Protocols to Watch

Title: A Review of 10 Emerging Native Protocols on Hyperliquid Hyperliquid is evolving beyond perpetual contracts into a comprehensive on-chain financial stack. This article highlights 10 key native protocols driving this growth: 1. **Monetrix**: A yield-optimizing protocol akin to Ethena, aggregating funding rates, HLP rewards, maker rebates, and HIP-3 into a single stablecoin yield. 2. **ROSETTA**: An automated stablecoin yield router, allocating USDC across top protocols (e.g., Felix, Aave, HLP) for optimal returns, factoring in gas and slippage. 3. **papertrade.xyz**: A fair-launched perpetuals protocol offering up to 1000x leverage, no funding rates, no slippage, and fully on-chain, oracle-based execution. 4. **alt.fun**: A launchpad where tokens are paired with leveraged perpetual positions (2x-5x), linking token price to trading activity and underlying position performance. 5. **Ventuals**: Pre-IPO perpetual contracts (built on HIP-3) allowing up to 10x leveraged speculation on valuations of private companies like SpaceX and Stripe. 6. **Liminal**: A delta-neutral yield protocol that captures funding rates via automated short positions and uses generated xTokens (xBTC, etc.) as DeFi collateral. 7. **Melt**: Brings tokenized stocks, commodities, and RWAs to Hyperliquid spot markets, enabling 24/7 trading alongside crypto assets. 8. **Chainsight**: An oracle and data infrastructure protocol providing low-latency (<3s) price feeds, volatility indices, and risk metrics for novel derivatives. 9. **rip.xyz**: Tokenized vault strategies on HyperEVM; its flagship rHYPURR offers liquidity and fractional exposure to a Hypurr NFT basket, priced hourly via NAV. 10. **Markets**: A perpetuals exchange (by Kinetiq) for trading stocks, forex, commodities, bonds, and crypto with up to 50x leverage, using USDH collateral and Kaiko oracles. These protocols form the foundational layer for generating real yield, liquidity, and innovative financial products natively on Hyperliquid.

marsbit2 дня назад 12:39

Top 10 Promising Emerging Hyperliquid Native Protocols to Watch

marsbit2 дня назад 12:39

Interview with Circle's Chief Economist: USDC's Entry into Hyperliquid Benefits Circle and HYPE, Stablecoins Are Becoming Marginal Buyers of U.S. Treasuries

In an interview with Circle's Chief Economist Gordon Liao, the conversation covers the strategic significance of USDC replacing USDH as the reference asset on the decentralized perpetual exchange Hyperliquid. This shift, facilitated by Coinbase as the reserve manager and Circle providing technical infrastructure, aims to capture net interest income for the platform, with 90% of reserve earnings directed back to Hyperliquid for HYPE token buybacks. Liao discusses how stablecoins like USDC, with their substantial on-chain settlement volumes (e.g., $21 trillion in Q1 2026), are emerging as marginal buyers of U.S. Treasuries, concentrating on short-term debt and effectively reducing the weighted duration of the market, which may provide underlying support for long-term rates. The dialogue also explores the evolving nature of stablecoins as both a medium of exchange and a vehicle for capital and collateral liquidity. Additionally, the panel touches on the CLARITY Act's legislative progress, noting compromises around "activity-based rewards" and remaining hurdles like ethics concerns. On AI, there's debate over value capture, with predictions that distribution and application layers, rather than foundational model companies like OpenAI, will accrue most value. Regarding the bond market, Liao attributes the rise in 30-year yields primarily to an increased term premium (around 80 bps) driven by supply-demand dynamics, including fiscal expansion and changing investor demand, rather than expectations of Fed rate hikes.

marsbit05/20 07:35

Interview with Circle's Chief Economist: USDC's Entry into Hyperliquid Benefits Circle and HYPE, Stablecoins Are Becoming Marginal Buyers of U.S. Treasuries

marsbit05/20 07:35

Why is HYPE Still Surging? Has it Peaked?

The article analyzes the reasons behind the recent sharp rise of the HYPE token. It attributes the price surge to several key developments that are causing the market to re-evaluate Hyperliquid, transitioning its perception from just a high-performance perpetual DEX to a broader on-chain trading system. Major catalysts include the launch of HYPE ETFs by 21Shares (THYP) and Bitwise (BHYP), which are opening new compliant capital channels. Bitwise's plan to allocate 10% of BHYP's management fee revenue to buy and stake HYPE is seen as a potential source of sustained buying pressure. The return of USDC to the platform, facilitated by Coinbase and Circle, is projected to generate a new, stable revenue stream for Hyperliquid from reserve yields, estimated to potentially fund daily HYPE buybacks worth over $400,000. Furthermore, Hyperliquid is expanding into new areas like prediction markets with HIP-4 (which requires significant HYPE staking) and Real-World Assets (RWA), where its Open Interest has hit a record $2.6 billion. A potential U.S. SEC exemption for tokenized stock trading could further boost its RWA business. While these fundamentals strengthen HYPE's long-term value proposition, the article notes that short-term price action is currently influenced by a large-scale showdown between whale long and short positions exceeding $60 million, making near-term direction uncertain.

Odaily星球日报05/20 01:31

Why is HYPE Still Surging? Has it Peaked?

Odaily星球日报05/20 01:31

D’CENT Launches ‘Flare Campaign’ to Unlock Idle XRP for the Global XRP Army

IoTrust, the maker of the D’CENT hardware wallet, has launched a new 3-week 'Flare Campaign' in partnership with the Flare network. The campaign aims to help the global XRP Army utilize their idle XRP tokens by connecting them to the Flare network. As part of the newly formed 'XRP Alliance', this initiative allows users to easily and safely deposit their XRP into the Monarq XRP Yield Vault (MXRPY) directly from the D’CENT app. A key benefit is that D’CENT users, as Flare Smart Accounts partners, do not need to purchase separate gas tokens like FLR to participate. From May 19 to June 8, D’CENT is offering exclusive campaign conditions: a 0% platform fee on the vault, with users only paying Flare's standard fees deducted from their XRP. Participants can also share a reward pool of $40,000 in XRP and FLR tokens. The company emphasizes providing a secure method to earn yield without compromising the safety of a cold wallet.

TheNewsCrypto05/19 16:19

D’CENT Launches ‘Flare Campaign’ to Unlock Idle XRP for the Global XRP Army

TheNewsCrypto05/19 16:19

The Bond Market Deals a Blow to the AI Bull Market

The article "Bond Market Deals a Blow to the AI Bull Market" discusses how a recent global bond sell-off is threatening to end the AI-driven stock market rally that had been ongoing for about a month and a half. A sharp sell-off in global equity markets began last Friday, with significant declines in indices like South Korea's KOSPI and Japan's Nikkei 225. The primary suspect, according to Morgan Stanley, is the bond market. Key long-term bond yields, such as the U.S. 30-year Treasury and Japan's 10-year government bond, have surged to multi-decade highs. This breach of critical yield levels (like 5% for the 30-year U.S. Treasury) is seen as a dangerous signal that historically precedes risk asset corrections. The root cause is identified as resurgent inflation, fueled by rising oil prices due to renewed Middle East geopolitical tensions, specifically the breakdown of U.S.-Iran talks and the blockade of the Strait of Hormuz. This has led markets to drastically revise expectations for U.S. Federal Reserve policy, now pricing in a significant chance of future rate hikes instead of cuts. Higher bond yields negatively impact stocks, especially high-growth tech/AI stocks, through two main channels: 1. **Valuation Pressure:** Higher yields increase the discount rate used to value future earnings, making the present value of distant AI-related cash flows less attractive. 2. **Relative Attraction:** Safer government bonds offering ~5% yields reduce the appeal of riskier equity investments in emerging markets and tech sectors. Despite the pressure from bonds, the AI bull market has fundamental support from strong sector earnings (e.g., semiconductor companies). The current situation is described as a "tug-of-war" between bond market turbulence and AI prosperity. However, warnings exist that AI stock valuations have become excessive. For investors, the advice is to increase portfolio flexibility. Suggestions include focusing on specific AI supply chain segments (domestic computing, semiconductors, equipment) and being prepared for continued volatility. The article concludes by noting the market is at a precarious point, caught between geopolitical uncertainty and the AI revolution, requiring careful navigation.

marsbit05/19 12:26

The Bond Market Deals a Blow to the AI Bull Market

marsbit05/19 12:26

Circle: From Issuance to Infrastructure

Title: Circle: From Issuance to Infrastructure Circle, the issuer of the USDC stablecoin, is undergoing a strategic transformation to reduce its dependence on interest income from reserve holdings, which is declining due to falling interest rates. Historically, Circle's revenue came primarily from the yield on US Treasury reserves backing USDC. However, it also paid significant fees (approximately 60 cents of every dollar earned) to partners like Coinbase for distributing and settling USDC. To capture more value across the financial stack, Circle is vertically integrating into three new layers: 1. **Settlement Layer:** It is launching **Arc**, a native Layer-1 blockchain. Arc, which uses USDC as its gas token, aims to capture transaction fees currently paid to other blockchains (like Ethereum and Solana) and offers features like privacy for institutional payments. 2. **Distribution Layer:** The **Circle Payments Network (CPN)** connects financial institutions directly to Circle, reducing reliance on exchanges like Coinbase. While not yet monetized, CPN growth has improved Circle's margins. 3. **Application Layer:** Circle is building an **AI Agent Economy** infrastructure with products like Agent Wallets and Nanopayments. The goal is to capture fees from high-volume, automated transactions executed by AI agents, a market where USDC already dominates. These moves represent Circle's shift from a single-product company (USDC issuance) to a full-stack financial platform. The strategy faces challenges, including market competition from players like Stripe and Tether, and potential internal tension regarding how value created by the new Arc blockchain and token (ARC) will accrue to Circle's public shareholders (CRCL). Circle's long-term success depends on its ability to successfully execute this vertical integration and diversify its revenue streams away from interest income.

marsbit05/19 11:58

Global Long-Term Bonds Break Down: The Fiscal Illusion of the Low-Interest Era is Collapsing

Global long-term bonds are experiencing a widespread breakdown, as the fiscal illusion of the low-interest-rate era collapses. Sovereign yields are hitting multi-year highs in the US, UK, Japan, and France, signaling a market repricing driven by a common reality: unsustainable debt and deficits outpacing economic growth, compounded by renewed inflationary pressures from energy shocks. The direct trigger is the blockade of the Strait of Hormuz, which has pushed oil prices higher and reignited inflation fears. This squeezes central bank policy space, with expectations shifting from future rate cuts to potential hikes. The core "fiscal Ponzi scheme" is becoming evident—governments rely on new debt to service existing obligations, but as growth lags and borrowing costs rise, investors demand higher yields. Key developments include the US 30-year yield surpassing 5% for the first time since 2007, with tepid auction demand; Japan's 30-year yield reaching 4%, threatening its long-standing low-rate financial system; and political paralysis in the UK and France making meaningful fiscal consolidation unlikely. The marginal buyer for US debt is also shifting from foreign central banks to more price-sensitive private investors. While debt managers may adjust issuance, fundamental drivers—deteriorating fiscal paths, persistent inflation, and constrained central banks—remain. The market is conclusively repricing the end of the low-interest-rate financing model for highly indebted developed economies.

marsbit05/19 09:01

Global Long-Term Bonds Break Down: The Fiscal Illusion of the Low-Interest Era is Collapsing

marsbit05/19 09:01

Clarity Act Outlook: No Yield, No Payment

"Clear Act Outlook: No Yield, No Payment" analyzes the evolving U.S. regulatory landscape for stablecoins, focusing on the interplay between the proposed "Clarity Act" and the existing "Genius Act." The article argues that the Genius Act successfully fostered "payment stablecoins" by permitting tokenized assets like U.S. Treasuries as reserves. This created a structured market where stablecoin issuers (like USDC) must hold these reserves, often purchased as Tokenized Money Market Funds (TMMFs) from giants like BlackRock. These TMMFs are primarily B2B products, ensuring user-facing stablecoins remain non-interest-bearing and used primarily for payments. The upcoming Clarity Act is seen as the next phase, aiming to restrict passive yield on stablecoins. Its goal is to dismantle the arbitrage advantage of offshore stablecoins like USDT by redirecting Treasury demand towards compliant, U.S.-sanctioned TMMFs. For on-chain and compliant offshore dollars, this creates new pressure: they must spur adoption and utility to generate yield, as simple Treasury staking may be restricted. This indirectly promotes dollar circulation and sustained Treasury purchases. Ultimately, the analysis posits that U.S. regulation seeks to create a new dollar distribution model. By separating payment function from yield generation and anchoring both to U.S. debt instruments, it aims to embed the dollar and Treasury demand into the global crypto economy, managing yields through sanctioned intermediaries while leaving room for DeFi and cross-border arbitrage.

marsbit05/19 07:02

Clarity Act Outlook: No Yield, No Payment

marsbit05/19 07:02

Money Has Gone to Bonds and IPOs, Leaving Only HYPE Rising in Crypto

The article "Where Has All the Money Gone? Bonds and IPOs Are Soaring, While Crypto Only Sees HYPE Rising" analyzes the recent underperformance of major cryptocurrencies like Bitcoin and Ethereum compared to traditional financial markets. It identifies three primary factors diverting capital away from crypto: First, surging bond yields, with the 30-year U.S. Treasury hitting a near 20-year high of 5.12%, are attracting capital seeking safe, predictable returns. This is evidenced by Bitcoin spot ETFs experiencing a significant $10.39 billion net outflow in mid-May. Second, a massive $4 trillion IPO pipeline, highlighted by SpaceX's upcoming listing, is absorbing risk capital that might otherwise flow into crypto. Platforms like Hyperliquid are even channeling on-chain crypto liquidity into pre-IPO trading for traditional stocks. Third, uncertainty surrounds new Federal Reserve Chair Warsh's ability to deliver expected interest rate cuts this year due to conflicting political pressures and stubborn inflation expectations, potentially eliminating a hoped-for source of new market liquidity. Consequently, while traditional equities and bonds rally, the crypto market's post-leverage crash recovery is stalled. The notable exception is assets like Hyperliquid (HYPE), which is rising due to its role in facilitating traditional asset trading, underscoring a market divergence where only crypto projects with novel, cross-market narratives are gaining. The article concludes that Bitcoin's next major catalyst may be the August enactment of the CLARITY Act, but warns of a potential retest of the $70,000 support level before then.

marsbit05/19 06:47

Money Has Gone to Bonds and IPOs, Leaving Only HYPE Rising in Crypto