What happens when you combine Gold, RWAs and Yield Bearing Stables? @Theo_Network is what and their S2 is now LIVE: largest points campaign yet + the final season before TGE (oh?) thUSD fixes a problem that most yield-bearing stablecoins eventually run into: - the yield source is too small. - funding rates compress + DeFi lending rates get arbed away, looping gets crowded, emissions end, and the opportunity dies as TVL grows BUT thUSD is mucho different: the yield comes from physical gold leasing, gold futures basis, and short-duration treasury reserves in linn language: - dollars entering the system purchase physical gold - the gold is leased to established retailers in grade-A jurisdictions - Theo shorts equivalent gold exposure on CME futures - the futures basis is harvested as yield - undeployed reserves sit in thBILL so thUSD is not relying on crypto-native leverage, emissions, or funding rate windows it is using one of the deepest commodity markets in the world: - gold futures open interest is around $247.7B (holy moly) - annual gold futures volume is around $14.8T (holy holy moly) - annual gold leasing volume is around $180B this means that thUSD has pretty much endless scaling possibility and now you not only get yield but also the S2 adds points on top HOW to participate: - Liquid: hold thUSD or sthUSD, no fixed duration, exit anytime - Core: fixed-term vault, no looping - Boost: fixed-term vault, looped exposure handled by Theo three vaults are live: - 3-month Core vault: 6.5% APY - 6-month Core vault: 7.2% APY - 6-month Boost vault: 11% APY (ooftah) - all vaults take thUSD and return sthUSD, meaning your position keeps earning yield while accruing points vaults earn the highest native points multiplier more venues are rolling out after launch, incl Uniswap and Pendle (pendleeeeee) ALSO the referral program is also live: if you deposit with a referral code, you get a 10% points boost on sthUSD (pls use Linn's ref link: https://app.theo.xyz/referrals?invite=0e057bea-0a5b-4efa-beae-9ce00c8966a9 And track points, vaults, referrals, and leaderboard here: https://app.theo.xyz](https://app.theo.xyz/ dc: Linn is a proud ambassador for Theo(🉐 Crypto Linn)