sUSDD's TVL on Morpho surpasses $47 million

USDD-0,07%

ChainCatcher news, according to official data, the decentralized stablecoin USDD’s interest-bearing token sUSDD has achieved rapid growth on the decentralized lending protocol Morpho, with its TVL surpassing $47 million.

It is reported that within just one month of launch, the sUSDD/USDT market TVL exceeded $40 million, making it the second-largest USDT lending market in the yield-bearing stablecoin sector, second only to sUSDS.

Additionally, sUSDD has been integrated into Gauntlet Vaults, with lending demand continuing to rise and liquidity steadily increasing.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Polymarket reveals a 'full exchange upgrade' to take control of its own trading and truth

Polymarket plans to launch a new USDC-backed collateral token, Polymarket USD, as part of a comprehensive platform upgrade. This move aims to enhance control over settlement and liquidity. The potential introduction of a POLY token for governance could further refine market integrity, following controversies in its current governance system.

CoinDesk12m ago

Io.net Targets AI Cloud Costs With Decentralized GPU Network

Io.net offers a decentralized solution for AI computing, addressing the rising costs faced by developers. It provides affordable, on-demand GPU capacity, aiming to bridge the gap for smaller innovators in a market dominated by high expenditure.

BlockChainReporter23m ago

Polymarket will roll out its V2 trading engine and its native stablecoin, Polymarket USD, within the next 2–3 weeks.

Polymarket announcement: a major upgrade is planned in the next 2–3 weeks, including rebuilding the trading engine, introducing Polymarket USD, optimizing order-matching efficiency, and more. This upgrade is the largest scale since the platform launched, and it will improve trading efficiency while reducing users’ concerns about non-official assets.

GateNews34m ago

Aave DAO关键贡献者Chaos Labs宣布退出

Gate News Message, according to the governance update, key contributor Chaos Labs has left the Aave DAO. Previously, BGD and ACI had left that DAO organization one after another.

GateNews1h ago

Resolv Labs destroys 36.73 million USR tokens held by the hacker by upgrading the contract

Resolv Labs destroyed 36.73 million USR tokens held by the hacker via a contract upgrade. Previously, the hacker had minted 80 million USR tokens through a vulnerability and sold them off. The project team has since burned about 46 million USR tokens, and the actual loss was $34 million.

GateNews3h ago
Comment
0/400
No comments