This big shot has clearly explained the DeFi mechanism of @RiverdotInc and @River4fun with detailed illustrations. Their DeFi was actually doing quite well back in the Satoshi protocol stage.
If they were just doing DeFi, @RiverdotInc might still be relatively unknown by now, but by combining it with InfoFI, they quickly became popular.
@RootDataCrypto ranks fourth in the entire network, a position that money can't buy.
It's still a very innovative idea.
I remember earlier this year when @Hugo96k visited our Shenzhen office, we talked about this, and I didn't expect it to be implemented so well. Shoutout to the team!
DeFi isn’t just about capital - it’s about flow. But sometimes we do get stuck on one chain, isn't it?
@RiverdotInc is where stablecoins become economies - liquid, omni-chain, and powered by both capital and community
For one, they've got satUSD - River’s collateralised stablecoin
• Chain Abstraction Stablecoin: composable on any chain due to LayerZero tech
• Backing: BTC, ETH, BNB, or LSTs like solvBTC and wstETH
• Cost to mint: 0% interest through River's Omni-CDP (yeah, you read that right - ZERO)
• Yield mechanism: Stake your satUSD to get satUSD+, a yield-bearing token that quietly fattens your bag as protocol revenue flows in
The numbers show demand:
➟ $389M TVL - people are paying attention
➟ 730K users - the community is real
➟ ~15.4% APY - what satUSD stakers getting
3 things worth knowing 👇
Omni-CDP → deposit assets on one chain, mint satUSD on another. zero bridges, zero wrappers, powered by LayerZero tech
Yield → satUSD+ grows from protocol earnings: minting fees, liquidations, redemptions
@River4fun → seem likes a easy, fun, and participative socialfi layer where you get rewarded for your tweets, stakes, votes on @RiverdotInc. you can rack up River Points, and swap them for $RIVER at TGE
Pill will be sharing on more opportunities w satUSD, things are about to get fun (triple-digit stable yields kinda fun)
nfaaaa
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