USDST Savings Vault Live — STRATO Season 3
Summary
STRATO announces the USDST Savings Vault is live as part of Season 3 rewards. Members can park USDST to earn base yield plus bonus points, and buy GOLDST or SILVST to borrow USDST and earn extra yield. This update boosts USDST usability and helps reduce exit pressure by incentivizing locking and borrowing.
$USDST is entering its usability arc.
The USDST Savings Vault is live and part of Season 3 STRATO rewards. This means you can park USDST in the saveUSDST vault and earn base yield + points as a bonus.
Buy $GOLDST and $SILVST, borrow USDST against them, and earn extra yield on that USDST through the savings vault. Now live on https://t.co/CaZsoWmJEi
"In particular, folks who have minted USDST — that was incented last time around to increase supply.
And in a certain way, we ended up with plenty of supply. You could even say too much. And what we really need is USDST to be as usable in many contexts as possible. And so that means, for the time being, people being willing to trade other assets for it — ETH or USDC or what have you. And not only doing that: not immediately turning around and getting rid of it.
So we have a savings flavor of USDST, for instance, which allows people to kind of lock the USDST up. And there are some incentives associated with that, so that we can create not just exit pressure on USDST.
Folks want to borrow it and then go use that in the real world — someone has to take the other side of that. And then what you don't want is a kind of down spiral where everyone's trying to get rid of their USDST. So the activity we have there is intended at solving that problem — a bootstrapping problem that's kind of common amongst new stablecoins, if you want to call them that."
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