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Stacks Decentralized Finance ecosystem expansion, multiple protocols provide high-yield strategies
Wu said that Stacking Dao development manager @LeeorShimron summarized in a tweet that BTC L2 Stacks is building a Decentralized Finance ecosystem based on BTC, with multiple protocols offering opportunities for lending, stake, Liquidity Mining, and more. Arkadiko supports STX, stSTX/sBTC collateral to mint USDA, enabling 20%+ Arbitrage; Hermetica issues USDh, utilizing BTC basis Arbitrage, with an annualized return of approximately 33%; Zest Protocol provides a lending market where deposited assets can earn returns and points; Stacking DAO supports Liquidity stake STX, with an annualized return of approximately 10%; DEXs such as Bitflow, Velar, ALEX, etc., offer LP rewards, with some trading pairs having APY exceeding 100%.