Phyrex
Phyrex|Jun 06, 2025 12:46
Uncle Cat has done a lot of homework this time. I have talked about the three forms of stablecoins before, which are mainly trading stablecoins, payment stablecoins, and revenue stablecoins. The first two are mainly centralized stablecoins that focus on compliance, and the third is the on chain stablecoin that we often see, which mainly serves to generate revenue. Uncle Cat introduced CVGT, which is also a type of revenue stablecoin. The characteristic of this "stablecoin" is to exchange mainstream assets for assets pegged to the "US dollar", and the pledged mainstream assets will pursue higher returns through leverage, financial derivatives, or quantitative methods, and then return these returns proportionally to the pledged partners. Since it is not selling mainstream assets, the concept of hedging spot leverage can be understood, so there is no need to worry about missing out on the upward space of mainstream assets and obtaining higher returns than directly pledging mainstream assets. Of course, there is no 100% safe income in the world, so friends still need to pay attention to safety when participating again. @Convergent_So itself is also based on the LSD protocol in the Solana ecosystem, and has collaborated with JTO and PYPH, especially JTO is the largest LST in the SOL ecosystem and has also logged into OKX. The space for profit oriented stablecoins on the chain may continue to increase in the future. How to choose depends on the individual.
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