After seeing Yanzu's sharing, I was a bit surprised, so I added a data point.
Currently, the stablecoin USD1 ranks 5th in scale, still not surpassing the 4th DAI, but its profit has already crushed the issuer SKY of DAI.
What does this indicate? I judge it is the advantage of the business model.
USD1's strategy and DAI are two extremes: hybrid vs single.
USD1 operates on core CEXs and multiple chains, whereas SKY only follows the decentralized old path, entirely on the ETH mainnet, unusable in exchanges.
The stablecoin cake must be a multi‑eat‑one, mutually beneficial, and WLFI's model proves that even with a slightly smaller scale it can beat the old‑giant.
In more than half a year, from nothing to something, it has forged a previously unprecedented path.
Earning interest is truly fragrant; I hope to continue offering subsidized interest, benefiting the public.
This is the financial product the masses need 🫡
(My bear‑market living expenses rely entirely on you)
