# 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.

DXY posts worst run in 8 years – So why isn’t Bitcoin rocketing?

The U.S. Dollar Index (DXY) posted its worst performance in eight years, declining 9.4% in 2025 and continuing to weaken in 2026. Historically, such dollar weakness has been a strong catalyst for Bitcoin rallies, as seen in 2017 and 2020. However, despite this favorable backdrop, Bitcoin has not surged as expected. While former President Trump supports a weaker dollar to boost exports and economic growth, and continues pushing for rate cuts, the Fed has maintained rates, emphasizing data-driven policy. Additionally, Bitcoin's Long-Term Holders (LTHs) have been offloading BTC at the fastest pace in four months, indicating skepticism toward the DXY-Bitcoin correlation. Rising inflation risks may further undermine the rate-cut narrative, leading investors to seek safer assets instead of Bitcoin.

ambcrypto01/29 11:01

DXY posts worst run in 8 years – So why isn’t Bitcoin rocketing?

ambcrypto01/29 11:01

USDD 2.0 at One: What the $1 Billion TVL Milestone Reveals

USDD 2.0 marks a significant evolution in decentralized stablecoin design, shifting from an algorithmic model to a fully on-chain, overcollateralized framework. With $1.4 billion in TVL, it emphasizes transparency, verifiable reserves, and multi-chain expansion across TRON, Ethereum, and BNB Chain. Key innovations include the Smart Allocator mechanism, which generates yield internally, and sUSDD—a yield-bearing vault token built on ERC-4626. USDD differentiates itself by combining price stability with on-chain yield opportunities, positioning beyond mere settlements into savings and liquidity provision. As it grows, the focus remains on sustainable capital efficiency and deeper DeFi integration.

TheNewsCrypto01/29 06:17

USDD 2.0 at One: What the $1 Billion TVL Milestone Reveals

TheNewsCrypto01/29 06:17

The End of DeFi Lego: Vaults Are Left with Nothing but Deposits

This article argues that the era of "DeFi Lego" – the complex, interlocking composability of decentralized finance protocols – is ending. The primary user behavior has collapsed into a single action: depositing stablecoins into yield-bearing vaults for a return. Major exchanges like Binance, OKX, and HTX are forging their own paths by subsidizing and promoting their own stablecoin products (e.g., USD1, USDG) to capture user value directly. On-chain, the yield landscape has become homogenized, with vaults competing almost solely on the APY they offer for USDT and USDC deposits. Users no longer care about the underlying protocols (Morpho, Aave, etc.) or their governance tokens; they are primarily attracted by high yields and the branding of the platforms offering them (e.g., Kraken, Coinbase). This shift has led to several consequences: governance tokens are losing value, DeFi ecosystem has become a flattened landscape of competing vaults rather than a collaborative system, and the end-user experience is now a simple flow of converting fiat to stablecoins on a CEX, finding the highest-yielding vault, and spending via crypto debit cards. The article concludes that DeFi must learn from traditional finance (TradFi), which successfully serves human needs and builds network effects. To survive, DeFi protocols must move beyond being mere back-end yield generators and find ways to re-engage users, rebuild trust, and create value beyond just high APYs.

marsbit01/29 01:38

The End of DeFi Lego: Vaults Are Left with Nothing but Deposits

marsbit01/29 01:38

Bitwise Launches First On-Chain DeFi Vault Using Morpho for Stablecoin Yield

Bitwise, a prominent crypto investment firm, has launched its first on-chain DeFi vault, which went live on January 26. Built on the Morpho protocol, the non-custodial vault enables users to earn yield directly on-chain. Bitwise acts as the strategy manager, overseeing fund allocation with full on-chain transparency. The vault currently accepts USDC deposits, which are lent to overcollateralized borrowers via Morpho, targeting annual returns of around 6% depending on market conditions. Emphasizing risk control, the strategy includes only overcollateralized lending—no leverage or speculative trading—with all positions visible on-chain. This move signals a significant shift in institutional engagement with DeFi, offering investors transparency and positioning Bitwise at the forefront of institutional-grade on-chain tools. The firm views this as an initial step in a broader plan to develop more on-chain strategies, leveraging Morpho’s customizable and standardized smart contracts for professional DeFi management.

TheNewsCrypto01/27 08:13

Bitwise Launches First On-Chain DeFi Vault Using Morpho for Stablecoin Yield

TheNewsCrypto01/27 08:13

Sui’s $500mln stablecoin rise – 2 ways treasuries are running the protocol

Sui's $500 million stablecoin growth and evolving treasury strategies highlight a shift from passive asset holding to active protocol participation. Foundation-controlled wallets hold significant SUI positions (roughly 3% of circulating supply), while on-chain data shows increasing holder concentration. Unlike static reserves, treasuries now engage in governance, yield generation, and liquidity provision. Despite ongoing token unlocks, Sui’s circulating supply remains stable at 3.79B SUI (38% of max supply), with growth absorbed through staking, development, and ecosystem funding. Stablecoins, led by USDC, power DeFi yields ranging from 3–10% on lending protocols to over 70% on DEXs. This reflects a broader trend where treasuries monetize participation internally without relying on spot market exits, reinforcing Sui as a yield-driven ecosystem.

ambcrypto01/27 02:05

Sui’s $500mln stablecoin rise – 2 ways treasuries are running the protocol

ambcrypto01/27 02:05

Bitwise tests institutional appetite for non-custodial DeFi yield with Morpho vault launch

Bitwise Asset Management launched non-custodial yield vaults on Morpho on January 26, marking its first direct participation in DeFi strategy curation. The vaults target up to 6% annualised yield through overcollateralised lending pools, with Bitwise managing strategy while users retain asset control. This structure avoids custody and reduces regulatory exposure, addressing key institutional concerns. However, risks include variable yields, smart-contract vulnerabilities, and market-dependent liquidation mechanisms. Bitwise has not disclosed vault size or whether access is limited to institutional investors. The launch tests whether professionally curated non-custodial DeFi products can attract sustained institutional interest.

ambcrypto01/26 21:43

Bitwise tests institutional appetite for non-custodial DeFi yield with Morpho vault launch

ambcrypto01/26 21:43

On-Chain Lending Bull Market Logic: The Inflection Point Has Arrived, How to Position?

On-chain Lending Bull Market Logic: Inflection Point Arrived, How to Position? The on-chain lending market is at a cyclical inflection point (Stage 4), characterized by low capital and low interest rates. Key drivers for the next growth phase include necessary product upgrades to attract institutional capital, unlocking new demand, and capital returning as rates stabilize above risk-free rates. The sector's valuation multiples are compressing towards Fintech levels (currently 21x-42x P/S vs. 8.4x for public Fintech lenders), presenting a potential entry opportunity for 2026. Critical developments include: - **Superior Collateral**: Modular protocols (e.g., Kamino, Aave, Morpho) enabling higher-risk lending and tokenization of traditional assets (e.g., securities lending, HELOCs). - **Protocol Improvements**: New loan types (term loans, whitelisted addresses, tri-party agreements) improving capital efficiency and compressing spreads. - **Yield Generation**: Tokenized yield products (e.g., 8-15% returns from credit funds) becoming crucial for yield funds as basis trade returns compress. The thesis suggests sustainable lending demand growth can occur even if crypto prices decline, with fundamental catalysts providing a stronger foundation for the next cycle.

比推01/26 18:16

On-Chain Lending Bull Market Logic: The Inflection Point Has Arrived, How to Position?

比推01/26 18:16

Lazy Man's Financial Guide｜Latest Calculation of Binance USD1 Airdrop Yield; OpenEden Launches New 26.4% APY Pool (January 26)

This article provides an overview of several low-risk, stablecoin-focused yield opportunities as of January 26th. The most prominent opportunity discussed is the Binance USD1 airdrop campaign, running from January 23rd to February 20th with a $40 million prize pool in WLFI tokens. The author calculates that the average annualized yield is likely to dilute quickly to around 8-10% due to the rapid increase in USD1's supply on the exchange. Three on-chain strategies are highlighted: 1. **ListaDAO U/USDT LP Incentive:** A partnership with Binance Wallet offering a 21.29% APY for providing liquidity to a U/USDT pool on BSC, incentivized with 240,000 LISTA tokens until February 9th. 2. **OpenEden PRISM Pre-Deposit:** A pre-launch deposit window for a new tokenized yield product (PRISM). It offers a current real-time APY of 26.4% from extra EDEN token incentives, with a $50 million cap. 3. **Buidlpad Vault (Phase 2):** A fixed 8% APY product on Ethereum and BSC for ETH, BNB, and USDT, with a $20 million cap that was nearly full at the time of writing.

marsbit01/26 07:49

Lazy Man's Financial Guide｜Latest Calculation of Binance USD1 Airdrop Yield; OpenEden Launches New 26.4% APY Pool (January 26)

marsbit01/26 07:49

Lazy Man's Financial Guide｜Latest Calculation of Binance USD1 Airdrop Yield; OpenEden Launches New 26.4% APY Pool (January 26)

This article from Odaily Planet Daily outlines several low-risk, stablecoin-based yield opportunities for crypto investors. A major highlight is Binance's ongoing airdrop campaign for users who hold its USD1 stablecoin, running from January 23rd to February 20th with a $40 million prize pool in WLFI tokens. The author's analysis suggests the average Annual Percentage Yield (APY) may quickly fall below 10%, settling around 8%, due to the rapidly increasing supply of USD1 on the exchange and potential price depreciation of the reward token. Three on-chain strategies are also presented: 1. **ListaDAO U/USDT LP Incentives (21.29% APY):** A two-week campaign on BSC (Jan 26 - Feb 9) offering LISTA token rewards for providing liquidity in a U/USDT pool via Binance Wallet. 2. **OpenEden PRISM Pre-Deposit (26.4% APY):** A pre-deposit period for a new tokenized yield product called PRISM, offering high APY from EDEN token incentives until the $50 million cap is filled. 3. **Buidlpad Vault二期 (8% APY):** A fixed-income product with a $20 million cap, nearly full at the time of writing, supporting deposits in ETH, BNB, and USDT on Ethereum and BSC.

Odaily星球日报01/26 07:47

Lazy Man's Financial Guide｜Latest Calculation of Binance USD1 Airdrop Yield; OpenEden Launches New 26.4% APY Pool (January 26)

Odaily星球日报01/26 07:47

The End of the Arbitrage Era: Wall Street Withdraws from Bitcoin Basis Trading

The era of easy profits from Bitcoin basis trades is ending as Wall Street pulls back from this once-lucrative strategy. The cash-and-carry trade, which involved buying spot Bitcoin while selling futures to capture the price difference, has seen its annualized returns plummet from around 17% a year ago to just 4.7% today—barely covering funding and execution costs. This compression is largely due to increased market efficiency following the approval of spot Bitcoin ETFs, which attracted massive institutional inflows that quickly arbitraged away the premium. As a result, CME’s Bitcoin futures open interest has fallen below that of Binance for the first time since 2023, signaling a shift in market participation rather than a loss of confidence. While CME was the preferred venue for institutional basis trading, Binance’s dominance in perpetual contracts remains steady. The market is maturing: investors now have more tools—including ETFs to direct exchange access—to express directional views, reducing arbitrage opportunities. Despite lower interest rates, demand for leverage has decreased, and traders are increasingly using options and hedging strategies instead of directional bets. The decline in basis trading reflects a broader “tactical reset” as the market evolves toward more complex strategies beyond simple arbitrage.

marsbit01/26 01:19

The End of the Arbitrage Era: Wall Street Withdraws from Bitcoin Basis Trading

marsbit01/26 01:19

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