{"id":1309,"date":"2025-07-08T09:51:29","date_gmt":"2025-07-08T01:51:29","guid":{"rendered":"http:\/\/www.design-suit.com\/?p=1309"},"modified":"2025-07-08T09:51:29","modified_gmt":"2025-07-08T01:51:29","slug":"apy%e6%9c%80%e9%ab%98%e8%be%be9%ef%bc%8c%e7%9b%98%e7%82%b920%e7%a7%8d%e6%94%b6%e7%9b%8a%e5%9e%8b%e7%a8%b3%e5%ae%9a%e5%b8%81-panews","status":"publish","type":"post","link":"http:\/\/www.wancg.com\/?p=1309","title":{"rendered":"APY\u6700\u9ad8\u8fbe9%\uff0c\u76d8\u70b920\u79cd\u6536\u76ca\u578b\u7a33\u5b9a\u5e01 | PANews"},"content":{"rendered":"<p><strong><img loading=\"lazy\" decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/panews\/2025\/05\/04\/images\/ltA8NFQ9Fo.jpg\" alt=\"APY\u6700\u9ad8\u8fbe9%\uff0c\u76d8\u70b920\u79cd\u6536\u76ca\u578b\u7a33\u5b9a\u5e01\" width=\"1328\" height=\"806\" \/><\/strong><\/p>\n<p>\u4f5c\u8005\uff1aMars_DeFi, \u52a0\u5bc6 KOL<\/p>\n<p>\u7f16\u8bd1\uff1aFelix, PANews<\/p>\n<p>\u7528\u6237\u82e5\u60f3\u8ffd\u6c42\u5229\u6da6\u6700\u5927\u5316\uff0c\u53ef\u4ee5\u901a\u8fc7\u6536\u76ca\u578b\u7a33\u5b9a\u5e01\u5c06\u7a33\u5b9a\u5e01\u7684\u4ef7\u503c\u6700\u5927\u5316\u3002<\/p>\n<p>\u6536\u76ca\u578b\u7a33\u5b9a\u5e01\u662f\u6307\u901a\u8fc7 DeFi \u6d3b\u52a8\u3001\u884d\u751f\u54c1\u7b56\u7565\u6216 RWA \u6295\u8d44\u4ea7\u751f\u6536\u76ca\u7684\u8d44\u4ea7\u3002\u76ee\u524d\uff0c\u8fd9\u7c7b\u7a33\u5b9a\u5e01\u5360\u7a33\u5b9a\u5e01 2400 \u4ebf\u7f8e\u5143\u5e02\u503c\u7684 6%\u3002\u968f\u7740\u9700\u6c42\u7684\u589e\u957f\uff0c\u6469\u6839\u5927\u901a\u8ba4\u4e3a\u5360\u6bd4\u8fbe\u5230 50% \u5e76\u975e\u9065\u4e0d\u53ef\u53ca\u3002<\/p>\n<p>\u6536\u76ca\u7a33\u5b9a\u5e01\u662f\u901a\u8fc7\u5c06\u62b5\u62bc\u54c1\u5b58\u5165\u534f\u8bae\u6765\u94f8\u9020\u3002\u5b58\u5165\u7684\u8d44\u91d1\u4f1a\u7528\u4e8e\u6536\u76ca\u7b56\u7565\u7684\u6295\u8d44\uff0c\u800c\u6536\u76ca\u5219\u7531\u6301\u6709\u8005\u5171\u4eab\u3002\u8fd9\u5c31\u50cf\u4e00\u5bb6\u4f20\u7edf\u94f6\u884c\u5c06\u5b58\u5165\u7684\u8d44\u91d1\u8d37\u51fa\uff0c\u5e76\u4e0e\u50a8\u6237\u5171\u4eab\u5229\u606f\uff0c\u53ea\u4e0d\u8fc7\uff0c\u6536\u76ca\u7a33\u5b9a\u5e01\u7684\u5229\u606f\u66f4\u9ad8\u3002<\/p>\n<p>\u672c\u6587\u65e8\u5728\u76d8\u70b9 20 \u79cd\u80fd\u4ea7\u751f\u6536\u76ca\u7684\u7a33\u5b9a\u5e01\u3002<\/p>\n<h3>1.Ethena Labs\uff08USDe \/ sUSDe\uff09<\/h3>\n<p>Ethena \u7ef4\u6301\u5176\u7a33\u5b9a\u5e01\u7684\u4ef7\u503c\uff0c\u5e76\u901a\u8fc7 delta \u4e2d\u6027\u5bf9\u51b2\u4ea7\u751f\u6536\u76ca\u3002<\/p>\n<p>USDe \u7684\u94f8\u9020\u65b9\u5f0f\u662f\u5c06\u8d28\u62bc\u7684 ETH (stETH) \u5b58\u5165 Ethena \u534f\u8bae\u3002\u4e4b\u540e\uff0c\u8be5 ETH \u5934\u5bf8\u901a\u8fc7\u505a\u7a7a\u8fdb\u884c\u5bf9\u51b2\u3002<\/p>\n<p>\u9664\u4e86 stETH \u7684\u6536\u76ca\uff08\u76ee\u524d\u5e74\u5229\u7387\u4e3a 2.76%\uff09\uff0c\u505a\u7a7a\u7684\u6b63\u8d44\u91d1\u8d39\u7387\u4e5f\u4f1a\u4ea7\u751f\u6536\u76ca\uff0cEthena \u4f1a\u5c06\u8fd9\u4e9b\u6536\u76ca\u5206\u914d\u7ed9\u90a3\u4e9b\u8d28\u62bc USDe \u6362\u53d6 sUSDe \u7684\u7528\u6237\uff08\u5e74\u5229\u7387\u4e3a 5%\uff09\u3002<\/p>\n<p><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/yijian\/2025\/5\/4\/images\/e18f19e5b910357639dc6708f301f98b.png\" alt=\"APY\u6700\u9ad8\u8fbe9%\uff0c\u76d8\u70b920\u79cd\u6536\u76ca\u578b\u7a33\u5b9a\u5e01\" \/><\/p>\n<h3>2.Spark\uff08sDAI\uff09<\/h3>\n<p>sDAI \u662f\u901a\u8fc7\u5c06 DAI \u5b58\u5165 Maker \u7684 DAI \u50a8\u84c4\u7387\uff08DSR\uff09\u5408\u7ea6\u800c\u751f\u6210\u3002\u76ee\u524d\u5e74\u5316\u6536\u76ca\u7387\u4e3a 3.25%\u3002<\/p>\n<p>\u6536\u76ca\u662f\u901a\u8fc7 DSR \u7684\u5229\u606f\u7d2f\u79ef\u7684\uff08\u5229\u7387\u7531 MakerDAO \u786e\u5b9a\uff09\u3002sDAI \u4e5f\u53ef\u4ee5\u50cf\u5176\u4ed6\u7a33\u5b9a\u5e01\u4e00\u6837\u5728 DeFi \u4e2d\u8fdb\u884c\u4ea4\u6613\u6216\u4f7f\u7528\u3002<\/p>\n<p><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/yijian\/2025\/5\/4\/images\/f219b7f05fa43cc57cdfa35735bdec62.png\" alt=\"APY\u6700\u9ad8\u8fbe9%\uff0c\u76d8\u70b920\u79cd\u6536\u76ca\u578b\u7a33\u5b9a\u5e01\" \/><\/p>\n<h3>3.Ondo Finance\uff08USDY\uff09<\/h3>\n<p>Ondo \u4ee5 USDC \u5b58\u6b3e\u53d1\u884c USDY\u3002\u5b58\u5165\u7684\u8d44\u4ea7\u7528\u4e8e\u8d2d\u4e70\u8bf8\u5982\u56fd\u5e93\u5238\uff08\u7ea6 4 &#8211; 5% \u5e74\u5229\u7387\uff09\u4e4b\u7c7b\u7684\u4f4e\u98ce\u9669\u8d44\u4ea7\uff0c\u5927\u90e8\u5206\u5229\u606f\u7531 USDY \u6301\u6709\u8005\u5171\u4eab\u3002<\/p>\n<p>USDY \u7684\u6536\u76ca\u7387\u6bcf\u6708\u8bbe\u5b9a\u4e00\u6b21\uff0c\u6574\u6708\u4fdd\u6301\u7a33\u5b9a\u3002\u672c\u6708\u7684\u5e74\u5316\u6536\u76ca\u7387\u4e3a 4.25%\u3002<\/p>\n<p>\u6ce8\uff1aUSDY \u7684\u6536\u76ca\u7387\u53cd\u6620\u5728\u4ee3\u5e01\u4ef7\u683c\u4e0a\uff0c\u800c\u975e\u6570\u91cf\u4e0a\u3002\u8fd9\u5c31\u662f\u4e3a\u4ec0\u4e48 USDY \u59cb\u7ec8\u9ad8\u4e8e 1 \u7f8e\u5143\u7684\u539f\u56e0\u3002<\/p>\n<p><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/yijian\/2025\/5\/4\/images\/ff9b52fa8261a97617e1688846f83502.png\" alt=\"APY\u6700\u9ad8\u8fbe9%\uff0c\u76d8\u70b920\u79cd\u6536\u76ca\u578b\u7a33\u5b9a\u5e01\" \/><\/p>\n<h3>4.BlackRock\uff08BUIDL\uff09<\/h3>\n<p>BUIDL \u7a33\u5b9a\u5e01\u4ee3\u8868\u7740\u5bf9\u8d1d\u83b1\u5fb7\u7ba1\u7406\u7684\u4ee3\u5e01\u5316\u8d27\u5e01\u5e02\u573a\u57fa\u91d1 (MMF) \u7684\u6240\u6709\u6743\u3002<\/p>\n<p>\u8be5\u57fa\u91d1\u6295\u8d44\u4e8e\u73b0\u91d1\u53ca\u5176\u4ed6\u5de5\u5177\uff0c\u4f8b\u5982\u77ed\u671f\u56fd\u5e93\u5238\u548c\u56de\u8d2d\u534f\u8bae\uff0c\u5e76\u5411 BUIDL \u6301\u6709\u8005\u5206\u914d\u5229\u606f\u3002<\/p>\n<p>\u8be5\u57fa\u91d1\u7684\u6536\u76ca\u7387\u6309\u65e5\u8ba1\u7b97\uff0c\u4f46\u6309\u6708\u5206\u914d\u7ed9 BUIDL \u6301\u6709\u8005\u3002<\/p>\n<h3>5.Figure Markets\uff08YLDS\uff09<\/h3>\n<p>YLDS \u662f\u9996\u4e2a\u5728\u7f8e\u56fd SEC \u6ce8\u518c\u4e3a\u516c\u5171\u8bc1\u5238\u7684\u6536\u76ca\u578b\u7a33\u5b9a\u5e01\u3002<\/p>\n<p>Figure Markets \u901a\u8fc7\u6295\u8d44\u4e0e\u4f18\u8d28\u8d27\u5e01\u5e02\u573a\u57fa\u91d1 (MMF) \u6301\u6709\u7684\u76f8\u540c\u8bc1\u5238\u6765\u83b7\u53d6\u6536\u76ca\uff0c\u8fd9\u4e9b\u8bc1\u5238\u7684\u98ce\u9669\u9ad8\u4e8e\u4ee3\u5e01\u5316\u7684\u653f\u5e9c\u652f\u6301\u8d27\u5e01\u5e02\u573a\u57fa\u91d1 (MMF)\u3002<\/p>\n<p>YLDS \u63d0\u4f9b 3.79% \u7684\u5e74\u5229\u7387\u3002\u5229\u606f\u6bcf\u65e5\u7d2f\u79ef\uff0c\u6bcf\u6708\u4ee5\u7f8e\u5143\u6216 YLDS \u4ee3\u5e01\u5f62\u5f0f\u652f\u4ed8\u3002<\/p>\n<h3>6.Sky\uff08USDS \/ sUSDS\uff09<\/h3>\n<p>USDS \u662f DAI \u7684\u66f4\u540d\u7248\u672c\uff0c\u901a\u8fc7 Sky Protocol \u5b58\u5165\u7b26\u5408\u6761\u4ef6\u7684\u8d44\u4ea7\u5373\u53ef\u94f8\u9020\u3002<\/p>\n<p>\u5b83\u53ef\u7528\u4e8e DeFi\uff0c\u4e5f\u53ef\u901a\u8fc7 Sky \u50a8\u84c4\u5229\u7387 (SSR) \u5408\u7ea6\u4ece Sky Protocol \u83b7\u5f97\u6536\u76ca\u3002sUSDS \u662f\u57fa\u4e8e USDS \u5b58\u6b3e\u53d1\u884c\u7684\uff0c\u5e74\u5229\u7387\u4e3a 4.5%\u3002<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/yijian\/2025\/5\/4\/images\/5d9dafc966d350ac6d420b682eec7dd9.png\" alt=\"APY\u6700\u9ad8\u8fbe9%\uff0c\u76d8\u70b920\u79cd\u6536\u76ca\u578b\u7a33\u5b9a\u5e01\" width=\"975\" height=\"950\" \/><\/p>\n<h3>7.Usual\uff08USD0\uff09<\/h3>\n<p>USD0 \u5b8c\u5168\u7531\u8bf8\u5982\u56fd\u5e93\u5238\u4e4b\u7c7b\u7684\u73b0\u5b9e\u4e16\u754c\u8d44\u4ea7\uff08RWAs\uff09\u652f\u6301\uff0c\u5e76\u4e14\u901a\u8fc7\u5728 Usual \u5e73\u53f0\u4e0a\u5b58\u5165 USDC \u6216\u7b26\u5408\u6761\u4ef6\u7684 RWAs \u4f5c\u4e3a\u62b5\u62bc\u54c1\u6765\u94f8\u9020\u3002<\/p>\n<p>\u7528\u6237\u4e5f\u53ef\u4ee5\u5728 Curve \u4e0a\u8d28\u62bc USD0 \u83b7\u5f97 USD0++\uff08\u5e74\u5229\u7387 0.08%\uff09\u3002USD0++ \u53ef\u7528\u4e8e DeFi\uff0c\u6536\u76ca\u4ee5 USUAL \u4ee3\u5e01\u5f62\u5f0f\u53d1\u653e\uff08\u5e74\u5229\u7387 13%\uff09\u3002<\/p>\n<p>\u6ce8\uff1a\u8981\u83b7\u5f97 USD0++ \u6536\u76ca\uff0c\u5fc5\u987b\u8fdb\u884c\u4e3a\u671f 4 \u5e74\u7684\u8d28\u62bc\u3002<\/p>\n<p><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/yijian\/2025\/5\/4\/images\/251964680785325eca4bc47ade418023.png\" alt=\"APY\u6700\u9ad8\u8fbe9%\uff0c\u76d8\u70b920\u79cd\u6536\u76ca\u578b\u7a33\u5b9a\u5e01\" \/><\/p>\n<h3>8.Mountain Protocol\uff08USDM\uff09<\/h3>\n<p>Mountain Protocol \u901a\u8fc7\u6295\u8d44\u77ed\u671f\u7f8e\u56fd\u56fd\u503a\u6765\u4ea7\u751f\u6536\u76ca\uff0c\u4f46 USDM \u4e13\u95e8\u9762\u5411\u975e\u7f8e\u56fd\u7528\u6237\u3002<\/p>\n<p>\u8fd9\u4e9b\u7f8e\u56fd\u56fd\u503a\u7684\u6536\u76ca\u901a\u8fc7\u6bcf\u65e5\u8c03\u6574\u7cfb\u7edf\u5206\u914d\u7ed9 USDM \u6301\u6709\u8005\uff0c\u56e0\u6b64\u4f59\u989d\u4f1a\u81ea\u52a8\u53cd\u6620\u5df2\u83b7\u6536\u76ca\u3002<\/p>\n<p>USDM \u76ee\u524d\u63d0\u4f9b 3.8% \u7684\u5e74\u5316\u6536\u76ca\u7387\u3002<\/p>\n<h3>9.Origin Protocol\uff08OUSD\uff09<\/h3>\n<p>OUSD \u901a\u8fc7\u5728 Origin Protocol \u4e0a\u5b58\u5165 USDC\u3001USDT \u548c DAI \u7b49\u7a33\u5b9a\u5e01\u6765\u94f8\u9020\u3002<\/p>\n<p>Origin \u5c06\u62b5\u62bc\u54c1\u90e8\u7f72\u5230\u4f4e\u98ce\u9669\u7684 DeFi \u7b56\u7565\u4e2d\uff0c\u901a\u8fc7\u501f\u8d37\u3001\u6d41\u52a8\u6027\u63d0\u4f9b\u548c\u4ea4\u6613\u8d39\u7528\u4ea7\u751f\u6536\u76ca\u3002\u8fd9\u4e9b\u6536\u76ca\u901a\u8fc7\u81ea\u52a8\u8c03\u6574\u57fa\u51c6\u5206\u914d\u7ed9 OUSD \u6301\u6709\u8005\u3002<\/p>\n<p>OUSD \u7531\u7a33\u5b9a\u5e01\u652f\u6301\uff0c\u5e74\u5229\u7387\u4e3a 3.67%\u3002<\/p>\n<p><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/yijian\/2025\/5\/4\/images\/4b0776fde83ccd90c72c95ad7121c102.png\" alt=\"APY\u6700\u9ad8\u8fbe9%\uff0c\u76d8\u70b920\u79cd\u6536\u76ca\u578b\u7a33\u5b9a\u5e01\" \/><\/p>\n<h3>10.Prisma Finance\uff08mkUSD\uff09<\/h3>\n<p>mkUSD \u7531\u6d41\u52a8\u6027\u8d28\u62bc\u884d\u751f\u54c1\u63d0\u4f9b\u652f\u6301\u3002\u6536\u76ca\u901a\u8fc7\u57fa\u7840\u8d28\u62bc\u8d44\u4ea7\u7684\u5956\u52b1\uff082.5% &#8211; 7% \u53d8\u52a8\u5e74\u5229\u7387\uff09\u4ea7\u751f\uff0c\u5e76\u5728 mkUSD \u6301\u6709\u8005\u4e4b\u95f4\u5206\u914d\u3002<\/p>\n<p>mkUSD \u53ef\u4ee5\u901a\u8fc7 Curve \u7b49\u5e73\u53f0\u7528\u4e8e\u6d41\u52a8\u6027\u6316\u77ff\uff0c\u4e5f\u53ef\u4ee5\u5728 Prisma \u7684\u7a33\u5b9a\u6c60\u4e2d\u8d28\u62bc\uff0c\u4ee5\u4ece\u6e05\u7b97\u4e2d\u83b7\u5f97 PRISMA \u548c ETH \u5956\u52b1\u3002<\/p>\n<h3>11.Noble\uff08USDN\uff09<\/h3>\n<p>USDN \u7531\u77ed\u671f\u56fd\u503a\u652f\u6301\u3002\u6536\u76ca\u6765\u81ea\u77ed\u671f\u653f\u5e9c\u8bc1\u5238\u7684\u5229\u606f\uff0c\u5e76\u5206\u914d\u7ed9 USDN \u6301\u6709\u8005\uff08\u5e74\u5229\u7387 4.2%\uff09\u3002<\/p>\n<p>\u7528\u6237\u53ef\u4ee5\u901a\u8fc7\u5c06 USDN \u5b58\u5165\u7075\u6d3b\u91d1\u5e93 (flexible Vault) \u6765\u8d5a\u53d6\u57fa\u7840\u6536\u76ca\uff0c\u6216\u8005\u901a\u8fc7\u5c06\u5176\u5b58\u5165 USDN \u9501\u4ed3\u91d1\u5e93\uff08\u6700\u957f\u9501\u4ed3 4 \u4e2a\u6708\uff09\u6765\u8d5a\u53d6 Noble \u79ef\u5206\u3002<\/p>\n<p><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/yijian\/2025\/5\/4\/images\/6308523fe9326a94d208e613832b7938.png\" alt=\"APY\u6700\u9ad8\u8fbe9%\uff0c\u76d8\u70b920\u79cd\u6536\u76ca\u578b\u7a33\u5b9a\u5e01\" \/><\/p>\n<h3>12.Frax Finance\uff08sfrxUSD\uff09<\/h3>\n<p>frxUSD \u7531\u8d1d\u83b1\u5fb7\uff08BlackRock\uff09\u65d7\u4e0b BUIDL \u7684\u8d44\u4ea7\u652f\u6301\uff0c\u901a\u8fc7\u5229\u7528\u5176\u57fa\u7840\u8d44\u4ea7\uff08\u5982\u56fd\u5e93\u5238\uff09\u4ee5\u53ca\u53c2\u4e0e DeFi \u6765\u4ea7\u751f\u6536\u76ca\u3002<\/p>\n<p>\u6536\u76ca\u7b56\u7565\u7531\u57fa\u51c6\u6536\u76ca\u7b56\u7565\uff08BYS\uff09\u7ba1\u7406\uff0c\u8be5\u7b56\u7565\u4f1a\u52a8\u6001\u5730\u5c06\u8d28\u62bc\u7684 frxUSD \u5206\u914d\u81f3\u6536\u76ca\u6700\u9ad8\u7684\u6765\u6e90\uff0c\u4ece\u800c\u4f7f sfrxUSD \u6301\u6709\u8005\u80fd\u591f\u83b7\u5f97\u6700\u9ad8\u6536\u76ca\u3002<\/p>\n<h3>13.Level\uff08lvlUSD\uff09<\/h3>\n<p>lvlUSD \u901a\u8fc7\u5b58\u5165\u548c\u8d28\u62bc USDC \u6216 USDT \u6765\u94f8\u9020\u3002\u8fd9\u4e9b\u62b5\u62bc\u54c1\u90e8\u7f72\u5728 Aave \u548c Morpho \u7b49\u84dd\u7b79\u501f\u8d37\u534f\u8bae\u4e2d\u3002<\/p>\n<p>\u7528\u6237\u53ef\u4ee5\u8d28\u62bc IvIUSD \u6362\u53d6 sIvIUSD\uff0c\u4ece\u800c\u4eab\u53d7 DeFi \u7b56\u7565\u5e26\u6765\u7684\u6536\u76ca\u3002<\/p>\n<p>\u5e74\u5229\u7387\u4e3a 9.28%\u3002<\/p>\n<p><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/yijian\/2025\/5\/4\/images\/ada0837c12a40fb2e1de2b8bcc5fce94.png\" alt=\"APY\u6700\u9ad8\u8fbe9%\uff0c\u76d8\u70b920\u79cd\u6536\u76ca\u578b\u7a33\u5b9a\u5e01\" \/><\/p>\n<h3>14.Davos\uff08DUSD\uff09<\/h3>\n<p>DUSD \u662f\u4e00\u79cd\u8de8\u94fe\u7a33\u5b9a\u5e01\uff0c\u53ef\u7528 sDAI \u548c\u5176\u4ed6\u6d41\u52a8\u6027\u62b5\u62bc\u54c1\u94f8\u9020\u3002\u5b83\u901a\u8fc7\u518d\u8d28\u62bc\u884d\u751f\u54c1\u4ea7\u751f\u6536\u76ca\uff0c\u5e76\u5c06\u57fa\u7840\u8d44\u4ea7\u7684\u6536\u76ca\u5206\u914d\u7ed9 DUSD \u6301\u6709\u8005\u3002<\/p>\n<p>DUSD \u53ef\u4ee5\u5b58\u5165\u6d41\u52a8\u6027\u6c60\u6216\u589e\u503c\u91d1\u5e93\uff0c\u4e5f\u53ef\u4ee5\u5728 Davos \u4e0a\u8d28\u62bc\uff0c\u83b7\u5f97 7-9% \u7684\u5e74\u5229\u7387\u548c\u501f\u8d37\u5229\u606f\u6536\u76ca\u3002<\/p>\n<p><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/yijian\/2025\/5\/4\/images\/78b8102dbf196dd852f04d0e8545d7ae.png\" alt=\"APY\u6700\u9ad8\u8fbe9%\uff0c\u76d8\u70b920\u79cd\u6536\u76ca\u578b\u7a33\u5b9a\u5e01\" \/><\/p>\n<h3>15.Reserve\uff08USD3\uff09<\/h3>\n<p>USD3 \u7684\u94f8\u9020\u65b9\u5f0f\u662f\uff1a\u5728 Aave v3 \u4e0a\u5b58\u5165 PYUSD\uff0c\u5728 Spark Finance \u4e0a\u5b58\u5165 DAI\uff0c\u6216\u5728 Compound v3 \u4e0a\u5b58\u5165 USDC\u3002<\/p>\n<p>\u5c06\u62b5\u62bc\u54c1\u5206\u914d\u5230\u5934\u90e8 DeFi \u501f\u8d37\u5e73\u53f0\u6240\u4ea7\u751f\u7684\u6536\u76ca\u5c06\u5206\u914d\u7ed9 USD3 \u6301\u6709\u8005\uff08\u5e74\u5229\u7387\u7ea6\u4e3a 5%\uff09\u3002<\/p>\n<p>Reserve Protocol \u4e3a USD3 \u63d0\u4f9b\u8d85\u989d\u62b5\u62bc\uff0c\u4ee5\u9632\u6b62\u8131\u94a9\u3002<\/p>\n<h3>16.Angle\uff08USDA \/ stUSD\uff09<\/h3>\n<p>USDA \u901a\u8fc7\u5b58\u5165 USDC \u94f8\u9020\u3002USDA \u7684\u6536\u76ca\u901a\u8fc7 DeFi \u501f\u8d37\u3001\u56fd\u5e93\u5238\u548c\u4ee3\u5e01\u5316\u8bc1\u5238\u4ea4\u6613\u4ea7\u751f\u3002<\/p>\n<p>USDA \u53ef\u4ee5\u5b58\u5165 Angle \u7684\u50a8\u84c4\u89e3\u51b3\u65b9\u6848\u4ee5\u83b7\u53d6 stUSD\u3002stUSD \u6301\u6709\u8005\u53ef\u83b7\u5f97 USDA \u4ea7\u751f\u7684\u6536\u76ca\uff08\u5e74\u5229\u7387 6.38%\uff09\u3002<\/p>\n<p><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/yijian\/2025\/5\/4\/images\/33f9619597ea2eb575ce9467dcdc26f4.png\" alt=\"APY\u6700\u9ad8\u8fbe9%\uff0c\u76d8\u70b920\u79cd\u6536\u76ca\u578b\u7a33\u5b9a\u5e01\" \/><\/p>\n<h3>17.Paxos\uff08USDL\uff09<\/h3>\n<p>USDL \u662f\u9996\u4e2a\u5728\u76d1\u7ba1\u6846\u67b6\u4e0b\u63d0\u4f9b\u65e5\u6536\u76ca\u7684\u7a33\u5b9a\u5e01\u3002\u5176\u6536\u76ca\u6765\u81ea Paxos \u50a8\u5907\u4e2d\u6301\u6709\u7684\u77ed\u671f\u7f8e\u56fd\u8bc1\u5238\uff0c\u6536\u76ca\u7387\u7ea6\u8fbe 5%\uff0cUSDL \u6301\u6709\u8005\u53ef\u81ea\u52a8\u83b7\u5f97 USDL \u7684\u6536\u76ca\u3002<\/p>\n<h3>18.YieldFi\uff08yUSD\uff09<\/h3>\n<p>yUSD \u7531\u7a33\u5b9a\u5e01\u652f\u6491\uff0c\u53ef\u901a\u8fc7\u5728 YieldFi \u4e0a\u5b58\u5165 USDC \u6216 USDT \u6765\u94f8\u9020\uff08\u5e74\u5229\u7387 11.34%\uff09\u3002<\/p>\n<p>YieldFi \u901a\u8fc7 delta \u4e2d\u6027\u7b56\u7565\u90e8\u7f72\u62b5\u62bc\u54c1\u6765\u4ea7\u751f\u6536\u76ca\uff0c\u800c yUSD \u5219\u53ef\u7528\u4e8e DeFi \u7b56\u7565\uff0c\u4f8b\u5982\u501f\u8d37\u548c\u5728 Origin Protocol \u7b49\u534f\u8bae\u4e0a\u63d0\u4f9b\u6d41\u52a8\u6027\u3002<\/p>\n<p><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/yijian\/2025\/5\/4\/images\/cc124d2eddd3f682812f8ec4e3a30b08.png\" alt=\"APY\u6700\u9ad8\u8fbe9%\uff0c\u76d8\u70b920\u79cd\u6536\u76ca\u578b\u7a33\u5b9a\u5e01\" \/><\/p>\n<h3>19.OpenEden\uff08USDO\uff09<\/h3>\n<p>USDO \u7531\u4ee3\u5e01\u5316\u7684\u7f8e\u56fd\u56fd\u503a\u548c\u8d27\u5e01\u5e02\u573a\u57fa\u91d1\uff08\u5982 OpenEden \u7684 TBILL\uff09\u4f5c\u4e3a\u652f\u6491\u3002<\/p>\n<p>\u5176\u5e95\u5c42\u8d44\u4ea7\u901a\u8fc7\u94fe\u4e0a\u548c\u94fe\u4e0b\u7b56\u7565\u8fdb\u884c\u6295\u8d44\uff0c\u4ee5\u4ea7\u751f\u6536\u76ca\u3002\u6536\u76ca\u901a\u8fc7\u6bcf\u65e5 rebase \u673a\u5236\u5206\u914d\u7ed9 USDO \u6301\u6709\u8005\u3002<\/p>\n<p>\u57fa\u7840\u8d44\u4ea7\u901a\u8fc7\u94fe\u4e0a\u548c\u94fe\u4e0b\u7b56\u7565\u8fdb\u884c\u6295\u8d44\u4ee5\u4ea7\u751f\u6536\u76ca\u3002\u8be5\u6536\u76ca\u6bcf\u65e5\u5206\u914d\u7ed9 USDO \u6301\u6709\u8005\u3002<\/p>\n<h3>20.Elixir\uff08deUSD \/ sdeUSD\uff09<\/h3>\n<p>\u4e0e Ethena \u7684 USDe \u7c7b\u4f3c\uff0cdeUSD \u7684\u6536\u76ca\u6765\u6e90\u4e8e\u5176\u5bf9\u7f8e\u56fd\u56fd\u503a\u7b49\u4f20\u7edf\u8d44\u4ea7\u7684\u6295\u8d44\uff0c\u4ee5\u53ca Elixir \u534f\u8bae\u5185\u501f\u8d37\u4ea7\u751f\u7684\u8d44\u91d1\u8d39\u7387\u3002<\/p>\n<p>\u5c06 deUSD \u8d28\u62bc\u4e3a sdeUSD \u7684\u7528\u6237\u53ef\u83b7\u5f97 4.39% \u7684\u5e74\u5316\u6536\u76ca\u548c 2 \u500d\u7684\u836f\u6c34\uff08potion\uff09\u5956\u52b1\u3002<\/p>\n<p><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/yijian\/2025\/5\/4\/images\/d7f04634cb192b1ac251462ac6a8e65a.png\" alt=\"APY\u6700\u9ad8\u8fbe9%\uff0c\u76d8\u70b920\u79cd\u6536\u76ca\u578b\u7a33\u5b9a\u5e01\" \/><\/p>\n<p>\u00a0<\/p>\n<p>\u76f8\u5173\u9605\u8bfb\uff1a\u7a33\u5b9a\u5e01\u6536\u76ca\u6307\u5357\uff1a8\u79cd\u7c7b\u578b\u54ea\u79cd\u6700\u4f73\uff1f<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u4f5c\u8005\uff1aMars_DeFi, \u52a0\u5bc6 KOL \u7f16\u8bd1\uff1aFelix, PANews \u7528\u6237\u82e5\u60f3\u8ffd\u6c42\u5229\u6da6\u6700\u5927\u5316\uff0c\u53ef\u4ee5\u901a\u8fc7\u6536 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1310,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1309","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"http:\/\/www.wancg.com\/index.php?rest_route=\/wp\/v2\/posts\/1309","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.wancg.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.wancg.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.wancg.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.wancg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1309"}],"version-history":[{"count":1,"href":"http:\/\/www.wancg.com\/index.php?rest_route=\/wp\/v2\/posts\/1309\/revisions"}],"predecessor-version":[{"id":4563,"href":"http:\/\/www.wancg.com\/index.php?rest_route=\/wp\/v2\/posts\/1309\/revisions\/4563"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.wancg.com\/index.php?rest_route=\/wp\/v2\/media\/1310"}],"wp:attachment":[{"href":"http:\/\/www.wancg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.wancg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1309"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.wancg.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}