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DWF Labs’ Synthetic Stablecoin to Generate a 12% APY

Twitter icon  •  Published há 1 mês  •  Nikolas Sargeant

DWF Labs has revealed that its upcoming synthetic stablecoin would offer investors a 12% APY, with a 15% BTC/ETH yield.

The DWF announced the product details of its synthetic stablecoin as it looks to attract more investors. While announcing this via X on Tuesday, Andrei Grachev, head of DWF Labs, revealed that the product is set to launch in the fourth quarter of the year or the first quarter of 2025.

DWF Labs is a new-generation Web3 investor and crypto market maker. It is one of the world's largest high-frequency cryptocurrency trading entities, trading spot and derivatives markets on over 60 top exchanges.

Grachev further revealed that its synthetic stablecoin would offer investors a 12% APY, making it one of the leading stablecoins in terms of APY. Currently, USDT (16% APY), USDC (14%), DAI (14%), and Pax Dollar (USDP 14%) offer higher yields than DWF’s synthetic dollar. 

DWF Labs’ BTC/ETH would yield 15% APY, Blue Chips (17%), and long-tail alts (19%). Grachev revealed they have already whitelisted over $500m TVL commitments from their partners and friends.

This latest development comes three months after DWF Labs led API3’s strategic funding round, during which the crypto project raised 4 million USDC. DWF Labs has also invested in several other crypto projects, including Kava, Algorand Foundation, and Alchemy Pay.

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Author

Nikolas Sargeant

Nik is a content and public relations specialist with an ever-growing interest in Crypto. He has been published on several leading Crypto and blockchain based news sites. He is currently based in Spain, but hails from the Pacific Northwest in the US.