Yield farming with stablecoins is getting pretty competitive. OKX's USDG has basically become the go-to investment option for many whales. Now, the official team has launched a new looping loan plan, introducing a looped earning feature in the DeFi section that bundles X Layer, Pendle's PT yields, and Aave's lending liquidity all in one. Previously, the fixed-term PT-USDG yields combined with various bonuses had an estimated APY of nearly 35%. But now, according to @BitHappy's calculations, the annualized return after looping is around 12%. Still way too competitive—just like that, the rates have dropped so much. The more loops you do, the lower your account's health factor gets, which increases the risk of principal loss. Also, this batch of PT-USDG matures on October 29, so make sure to check your position before maturity.