Standx announced this afternoon that it has received funding from the Solana Foundation.
It was somewhat unexpected that Solana's support came quicker than that of the Binance system.
Based on the currently open stablecoin operations which only support Solana and BNB Chain, it is estimated to be part of the plan.
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Some points to note about Standx's $DUSD stablecoin gameplay:
1️⃣ Currently, both $USDT and $USDT can be minted, and it is recommended to use USDC on the Solana side.
2️⃣ Simply minting can earn a 6.6% APR and points for future airdrops.
3️⃣ Grouping LP can earn 2.5 times the DUSD points in LP, meaning only about half of the LP funds can earn a 2.5 times points bonus.
4️⃣ DUSD in the grouped LP can also earn a 6% APR reward.
5️⃣ USDT in the grouped LP cannot earn an APR reward.
Summary: You need to make a trade-off between the 2.5 times points for DUSD and the 6.6% APR.
Mining direct link: https://standx.com/referral?code=BitHappy
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Currently, the version of Standx can fully be considered as #DeFi, with stablecoin single coin mining/stablecoin LP mining.
As for the trade-off between points in the LP and APR, it depends on everyone's core goals. I am relatively optimistic about the future airdrop expectations of the project, so there are both single coins and LP.
Those interested can take a look at the quoted tweet, which briefly explains the reasons for optimism.
It was somewhat unexpected that Solana's support came quicker than that of the Binance system.
Based on the currently open stablecoin operations which only support Solana and BNB Chain, it is estimated to be part of the plan.
________________
Some points to note about Standx's $DUSD stablecoin gameplay:
1️⃣ Currently, both $USDT and $USDT can be minted, and it is recommended to use USDC on the Solana side.
2️⃣ Simply minting can earn a 6.6% APR and points for future airdrops.
3️⃣ Grouping LP can earn 2.5 times the DUSD points in LP, meaning only about half of the LP funds can earn a 2.5 times points bonus.
4️⃣ DUSD in the grouped LP can also earn a 6% APR reward.
5️⃣ USDT in the grouped LP cannot earn an APR reward.
Summary: You need to make a trade-off between the 2.5 times points for DUSD and the 6.6% APR.
Mining direct link: https://standx.com/referral?code=BitHappy
________________
Currently, the version of Standx can fully be considered as #DeFi, with stablecoin single coin mining/stablecoin LP mining.
As for the trade-off between points in the LP and APR, it depends on everyone's core goals. I am relatively optimistic about the future airdrop expectations of the project, so there are both single coins and LP.
Those interested can take a look at the quoted tweet, which briefly explains the reasons for optimism.
