River's Second USDT Smart Vault Deposit: Expected Yield 42% APR, First Period Actual Yield Reached 80% APR
BlockBeats News, November 4th, River has launched the second phase of the USDT Savings Vault on November 1st, offering an expected 42% APR. Users can receive stablecoin returns and River Points (River Pts) rewards. Deposits will be closed on November 5th.
The first phase of the River USDT Smart Vault was launched in September, with a cap of $10 million that was filled within 12 hours. Users can now claim their principal + interest + River Points (River Pts) rewards, yielding an actual return of 80% APR based on the current RIVER market price.
The Smart Vault is based on the Omni-CDP mechanism, where users can earn yields with just one click after depositing USDT. The system will automatically mint satUSD to be deposited into the staking pool, integrating decentralized finance (DeFi) and centralized finance (CeDeFi) strategies to provide users with a no-liquidation-risk, sustainable stable yield. Additionally, users can receive River Points (River Pts) as an extra incentive. In the future, the vault will gradually support more assets such as Bitcoin (BTC), Ethereum (ETH), and introduce institutional-grade yield strategies.
River Points (River Pts) are the ecological points of River, functioning as an ERC20 token that can be traded and staked. Since the token generation event (TGE), River Points have increased 40-fold. With the dynamic airdrop conversion mechanism, River Points can be converted into RIVER tokens at any time within 180 days, allowing time and market behavior to collectively shape the value curve.
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