Cardano stablecoin USDrf offers up to 49.31% APR on Strike Finance
- —Strike Finance shows 49.31% APR on sUSDrf against $119,200 in outstanding loans
- —Strike allows LTV of up to 100% against sUSDrf collateral
- —The vault held about $100,000 on Oct. 17 and gained another $50,000 within an hour
- —On Oct. 8 a single holder controlled about 66% of RealFi's 2.58 million USDrf staking vault
Why it matters: The yield is nearly 11 times the 4.3% on three-month US Treasuries, but protocol reserves absorb losses first, ahead of sUSDrf holders.
Source: BeInCrypto PL