The ultimate goal of The Yield is to provide holders of native USDT the opportunity to earn a yield on their deposits with returns of up to 20% per annum.
Currently the wrapped USDT, jUSDT, is being used as a proof of concept.
The Yield connects TON to the Ethena protocol, which is a synthetic dollar protocol built on Ethereum that provides a crypto-native solution for money not reliant on traditional banking system infrastructure, alongside a globally accessible dollar denominated instrument – the 'Internet Bond'.
Ethena's synthetic dollar, USDe, provides the crypto-native, scalable solution for money achieved by delta-hedging Ethereum and Bitcoin collateral. USDe is fully-backed and free to compose throughout DeFi.
USDe peg stability is supported through the use of delta hedging derivatives positions against protocol-held collateral.
The 'Internet Bond' combines yield derived from staked assets (e.g., staked Ethereum), to the extent used as backing assets, as well as the funding & basis spread from perpetual and futures markets, to create the first onchain crypto-native solution for money.
The Yield is based on a set of smart contracts and bridges interactions in order to provide a reliable mechanism for deposits and withdrawals.
Despite the non-trivial design of the internal mechanics, The Yield extremely easy to use.
In short: it only takes a couple of taps to make a deposit and just as easy to withdraw funds.
Just top up your balance and watch your profits grow!
And yes, all this is available right in the Telegram Mini Application!
Project .pdf presentation
