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Cryptocurrency News Articles
USDD Launches sTRX Vault minting feature, opening a new channel for users to achieve efficient DeFi returns
Apr 15, 2025 at 11:20 pm
Starting today, users can stake TRX through JustLend DAO to earn the yield token sTRX, and deposit it into the USDD Vault to mint USDD.
USDD, the decentralized stablecoin built on the TRON blockchain, has announced the official launch of the sTRX Vault minting feature and a joint promotional event with JustLend DAO. This initiative opens a new channel for users to achieve efficient decentralized finance (DeFi) returns.
Starting today, users can stake TRX through JustLend DAO to earn the yield token sTRX and deposit it into the USDD Vault for minting USDD. After minting, users can participate in the corresponding staking activities to enjoy dual returns from both JustLend DAO sTRX staking rewards and USDD, with an annual percentage yield (APY) of up to 20%.
sTRX is a yield token issued by JustLend DAO, denoting the TRX assets that users have staked. By staking TRX to JustLend DAO, users can obtain sTRX while maintaining liquidity and continuously accumulating approximately 9% annual staking APY.
The newly launched sTRX Vault feature by USDD enables users to use sTRX as collateral to mint USDD, further participating in staking activities and stacking returns.
Moreover, the sTRX Vault builds an efficient return strategy by flexibly releasing the liquidity of TRX staking assets. When USDD's annual yield stabilizes at 8%, the comprehensive annual yield obtained through the above methods can reach approximately 13.17%.
To celebrate the launch of the sTRX Vault and lower the participation threshold, USDD has launched a 30-day promotional event for TRX Vault minting (from April 15, 2025, to May 15, 2025).
At the same time, USDD has partnered with JustLend DAO to launch a joint Taskon event for further enhancing user participation enthusiasm. The event will run from April 15, 2025, to May 15, 2025. Users only need to complete designated tasks on the Taskon platform and pass a knowledge quiz to share a reward pool of 500 USDD. This event not only provides a low-threshold participation method for new users but also helps users gain a deeper understanding of the operation mechanisms of USDD and sTRX Vault through educational tasks.
USDD officials emphasize that the Taskon event aims to attract more users to experience the DeFi potential of the TRON ecosystem through a reward mechanism while enhancing community interaction and engagement.
Through the sTRX Vault minting feature and limited-time promotional activities, USDD provides TRON ecosystem users with low-cost, high-return DeFi participation opportunities. The dual return mechanism, preferential rates, gas fee subsidies, and the reward system of limited-time promotional activities together create a comprehensive investment ecosystem.
Whether seasoned investors seeking high returns or new users focusing on liquidity and stability, everyone can achieve steady asset appreciation within the TRON ecosystem through this series of initiatives.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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