TON's tsUSDe Stablecoin Offers 10% APY on Dollar Savings

TsUSDe, a US dollar-backed stablecoin on The Open Network (TON), offers a unique opportunity for users to earn passive income without the volatility typically associated with cryptocurrencies. This stablecoin is designed to provide a base yield of around 10% APY, paid out in Toncoin (TON), simply by holding it in a wallet. This feature makes it an attractive option for those looking to generate yield on their dollar savings.

For those interested in maximizing their earnings, tsUSDe can be utilized in liquidity pools or farms on TON-based platforms such as STON.fi and DeDust. These platforms allow users to pair tsUSDe with TON and stake their positions to earn additional rewards, including trading fees and farming incentives. STON.fi is known for its user-friendly interface and deep liquidity, while DeDust offers a fast and lightweight experience with a growing user base. Both platforms provide tools to help users manage their investments, such as an impermanent loss calculator on STON.fi and a full portfolio dashboard on DeDust.

To start earning yield with tsUSDe, users need to connect their TON wallet to either STON.fi or DeDust.io, ensuring they have enough TON to cover transaction fees. The next step is to find a tsUSDe/TON liquidity pool, which can be located in the “Pools” or “Farms” section of the platform. Users can then add liquidity by supplying tsUSDe and an equivalent value in TON, receiving LP tokens that represent their share of the pool. These LP tokens can be staked to earn extra farming rewards, with the option to monitor and claim rewards at any time.

The benefits of using tsUSDe for passive income include dollar stability, as tsUSDe aims to stay pegged to $1, and a built-in APY of around 10%. Additionally, users can boost their returns through farming incentives and maintain control of their assets throughout the process. However, there are risks to consider, such as impermanent loss due to price changes in TON, smart contract risks, and the potential for a temporary depeg of the stablecoin. Users are advised to stick with well-known platforms and not invest more than they are comfortable with.

TON also supports TON Proxy, a decentralized anonymity protocol that allows users and nodes to obfuscate their identities and traffic, adding an extra layer of security for those using the network. Overall, tsUSDe provides a straightforward way to earn yield on dollar savings while minimizing exposure to the volatility of other cryptocurrencies. By carefully managing their investments and being aware of the associated risks, users can make their stablecoins work harder and generate passive income on the TON network.