On August 27, the decentralized stablecoin USDD announced the data from the initial incentive activity of the sUSDD market in cooperation with Pendle, and officially launched the second phase of the incentive program. It was introduced that the first phase provided over $300,000 in rewards to the market, pushing the highest TVL of the sUSDD market on Pendle to nearly $40 million; the total value of the second phase incentive has increased to $600,000, doubling that of the first phase and further enhancing user gains. The consecutive launch of this activity shows that the diversified and multi-strategy yield activities provided by USDD have gained recognition from the market and top platforms, demonstrating its strong power as a stable, secure, and transparent DeFi product.

Outstanding Performance, Successful Conclusion of the First Phase

During the first phase of the incentive period, USDD cooperated deeply with Pendle to provide over $300,000 in reward subsidies for the sUSDD market. During the event, the highest TVL of the sUSDD market once approached $40 million, and the overall fixed income rate of PT stabilized above 7%. At the same time, PT-sUSDD was successfully launched as collateral in the Morpho market, supporting users to lend USDT and USDC, effectively forming a demand for circular lending, further enhancing the efficiency of user capital utilization and market activity.

Pendle's fixed income market, as an important infrastructure in the DeFi fixed income track, provides highly flexible income management tools through the innovative mechanism of splitting principal and yield rights for trading. With sUSDD entering the Pendle market, the stablecoin income model successfully expanded from single holding to diverse scenarios including fixed income, yield rights trading, and liquidity strategies, promoting the deep integration of USDD into the mainstream DeFi income ecosystem.

The successful conclusion of the first phase fully validated the attractiveness of sUSDD in fixed income and leverage strategy scenarios and laid a good foundation for the smooth transition to the second phase of incentives.

Rewards Doubled, Continuation of Three Major Strategies in the Second Phase

According to the official announcement, the second phase of incentives officially started on August 27 and will last until November 26, for a total of 91 days. The total value of this phase’s rewards reaches $600,000, doubling that of the first phase. Users can seamlessly connect after the expiration of the first phase and continue to participate in compound growth.

It was introduced that based on the success of the first phase activity, the core incentives of the second phase feature two major highlights: first, the initial reward for PT is 5%, and users can perform circular lending operations through Morpho to further amplify their earnings; second, the initial reward for YT is 1%, which will gradually increase as the market TVL rises.

To meet different users' risk preferences, the second phase continues to launch three major strategies. In Strategy A, users can purchase PT-sUSDD to lock in fixed income and can use circular lending to amplify their earnings; in Strategy B, users can hold YT-sUSDD to gain excess elastic returns; in Strategy C, users can provide liquidity to earn transaction fees and additional incentives.

Users can participate via the activity page: https://app.pendle.finance/trade/markets/0xbeab098b510f758cd35122ee345957b8eccbb322/sy-converter/unwrap?view=pt&chain=ethereum.

Diversified Cooperation Continues to Deepen, Enhancing USDD's Utility

This renewed collaboration with Pendle is an important manifestation of USDD's continuous expansion of ecological boundaries and enhancement of asset utility. Through collaboration with mainstream DeFi protocols such as Pendle and Morpho, USDD not only provides users with a stable income channel but also further enriches the applications of sUSDD in fixed income, leverage cycles, and liquidity provision scenarios.

Currently, the supply of USDD exceeds $1.5 billion, the protocol TVL has reached about $2.22 billion, and Smart Allocator's cumulative investment returns have exceeded $26.25 million. With a dual security mechanism of "over-collateralization + PSM 1:1 exchange," as well as the sustainable revenue model of Smart Allocator, USDD is gradually solidifying its market positioning as the "income version of USDT."

By continuously engaging in deep cooperation with top DeFi protocols, USDD is evolving from a single stablecoin into a decentralized financial infrastructure that combines stability, yield, and composability. This not only enhances the market competitiveness of USDD but also provides users with richer and more flexible asset allocation choices, further strengthening its practical value and long-term influence in the DeFi ecosystem.