USD1 APY35% Earnings Breakdown Earning up to 35% on stablecoins during a bear market? What’s going on here? Let Biteye break it down for you: 1️⃣ Source of Earnings According to @worldlibertyfi, the interest comes from two parts: ~13%: WLFI subsidies ~22%: Supply Rate base lending returns Conclusion: The current high yield essentially comes from the project team footing the bill for “liquidity mining” subsidies, combined with short-term imbalances in supply and demand for funds. If you’re looking to earn on stablecoins, this might be worth checking out. 2️⃣ Risk Analysis USD1, as the core asset launched by WLFI, currently has a circulation exceeding $3 billion. It claims to be backed 1:1 by USD cash and U.S. Treasury reserves, with monthly audit reports provided, making it relatively low risk. Additionally, lending is facilitated through DeFi, so keep an eye on smart contract risks. Although their partner Dolomite has undergone audits by top firms like OpenZeppelin, Cyfrin, Zokyo, and others (6 in total), with claims of 100% code test coverage, smart contract risks can never be fully eliminated. DYOR