Little Mine: Stablecoins with over 190% APR? Recently, community members have been discussing this in the group, and I just took another look at this coin and did some research. The APR mainly comes from Hyperion's subsidies, and USDA is a new protocol launched by Auro. Currently, the TVL is 1.9M, and I can't find any relevant financing or background information. Its minting method is not new; it involves collateralizing APT or LST APT assets and then borrowing to mint. What piqued my interest is, on one hand, the APR, and on the other hand, the simple and memorable name USDA. The stablecoin that I am most familiar with that is minted in a similar way is lisUSD, but it is not as eye-catching. Lista is mainly to blame for not naming it well; if it were called USDB, it would be much better (originally, Binance's stablecoin was called BUSD), haha. However, the stablecoin minted by Lista can also use non-public chain native tokens. If it could only use BNB or LST/LRT BNB or wrapped BNB to mint stablecoins, combined with financing from public chain backgrounds, it should perform more relevantly. Using public chain native tokens for collateralized borrowing to mint stablecoins can also serve as another way to lock in and increase public chain TVL, and stablecoins are already a major trend. I estimate that in the future, all public chains will have their own supported stablecoins, which can only be minted by collateralizing the public chain's native tokens. Note: The above is for information sharing only and is not investment advice. Please do your own research! DeFi Enthusiast: BitHappy