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stUSDT solidifies its place in DeFi with groundbreaking RWA integration, $58.6 million in rewards, and document ecosystem progress by 2024.
Desk of contents
stUSDT is the primary rebasing real-world asset (RWA) steady return protocol on the TRON and Ethereum networks. StUSDT is on the forefront of efforts to slim the hole between retail and institutional traders and appears again on a powerful operational and monetary yr. The yr’s efficiency was pushed by intuitive downside fixing and the corporate’s sturdy want to create honest alternatives for everybody to deal with actual belongings.
In 2024, stUSDT continued its involvement in exploring the combination of stablecoins with RWAs. The tasks it undertook and the developments it made helped strengthen stUSDT’s place inside the DeFi ecosystem and the RWA house. Listed here are a few of the achievements stUSDT has made previously yr.
Key statistics
stUSDT made substantial progress in a number of areas in 2024. With 25.5k members, stUSDT had a fruitful yr by way of group involvement. With strike compensation set to zero, the corporate now has 59.3 million strikers and 353,000 strikers. Moreover, the platform has handed out $58.6 million in rebase rewards. The unlock payment was set at 0.1%. These achievements mirror stUSDT’s public enchantment and dedication to affordability.
Product upgrades
2024 was a dynamic yr for stUSDT, particularly by way of product upgrades. In September 2024, stUSDT provided a extra unified and streamlined consumer expertise by integrating asset funding methods on Ethereum and TRON.
In November 2024, stUSDT adopted an enhanced technique combining risk-weighted belongings and on-chain investments. This effort was made to enhance the APY and generate increased returns for customers, whereas additionally guaranteeing their belongings had been protected.
In July 2024, ChainSecurity performed an in depth investigation into stUSDT’s good contract. The ensuing report and whitepaper discovered that no severe or high-risk vulnerabilities had been discovered. This assurance underlined stUSDT’s clear place inside the actual asset sector.
Ecosystem progress
Because of optimized methods, the stUSDT ecosystem has skilled large progress in 2024. In Might, wstUSDT listed on the liquidity-restoring platform Swell L2, diving into the LRT house.
In early 2024, wstUSDT rose to second place in accordance with Whole Worth Locked (TVL) within the JustLend DAO credit score market. Moreover, stUSDT joined HTX DAO’s world ecosystem as a contributor in January 2024, offering insights to boost HTX DAO’s partnership community and enhance its protocol.
Integration
One more reason to rejoice for the stUSDT group is their integration milestones. In January 2024, stUSDT was formally built-in into the DeFi analytics platform DefiLlama, the place it was constantly ranked because the second largest Actual World Asset (RWA) venture by Whole Worth Locked (TVL).
Group occasions
Along with the achievements already talked about, stUSDT organized quite a few occasions to strengthen its ties with the group. In March, the stUSDT group sponsored an occasion the place members may share their crypto tales in change for rewards.
In August 2024, stUSDT partnered with JustLend DAO and USDD to host a three-phase Summer season Airdrop Celebration. Constructing on this momentum, stUSDT partnered with web3 activity collaboration platform TaskOn in November 2024 to launch a staking promotion.
And at last, stUSDT co-hosted a Christmas celebration occasion with TaskOn in December 2024, which was an enormous hit.
Conclusion
Total, stUSDT has had a affluent yr. By specializing in transformation, the stUSDT group made important progress on its initiatives. stUSDT has been in a position to make nice strides in rising its ecosystem, advancing its instruments, and interesting its group in 2024. Wanting forward, 2025 could possibly be an much more productive yr for the protocol.
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