Join Abhi Kashyap @MagicOfAnon and Samyak Jain @smykjain in this conversation about the future of finance. Full episode coming soon. @0xfluid 🌊

.@0xZergs broke down the business economics for @USDai_Official The growth is measured in multiples, not percentages. "Every month is our biggest month." But the real constraint is capital. The borrower pipeline is $20B+. The bottleneck is risk capital and secondary liquidity, which is why they partnered with @0xfluid to grow the secondary market base. The scaling logic: TVL can only grow as fast as utilization moves with it. Grow too fast and APR drops, and looping stops. So it's stepwise to $1B, then exponential after. "The compute middle market we're tackling is $2 trillion."

Fluid Lite USD Vault. An automated vault with a fixed rate and a minimum 6% APR. The rate can go higher and has historically ranged from 8-9%. Check it out → fluid.io/lite/1

Fluid is the only protocol with equivalent deployments across EVM, Solana, and soon Sui - three different VM ecosystems. (And what if I told you there are more VMs to come?) We'll be launching additional white-label deployments with traditional asset managers, exchanges, neobanks, and other partners in the near future. DEX v2 - it is a shame that we keep delaying it despite announcing it a year ago, but we have it ready and we will launch it sooner rather than later. $FLUID

now need USDC whale to migrate

Stablecoin yields are still surprisingly high. I spent some time digging into a few of the larger opportunities and found that they're earning yield in very different ways. Some are taking Treasury exposure, some are running basis trades, and some are relying on market-neutral trading strategies. Here are 3 stablecoin products paying roughly 8-12% APY and the tradeoffs behind each: #1 - Fluid Lite Vault (Ethereum) ~8% to 9% APY Deposit USDC and it earns off looped yield-bearing stables. Lowest risk of the three, and the one I worry about least. About 70% of it sits in sUSDai, which is the part to actually pay attention to. That's earning from US Treasuries plus interest from AI companies borrowing to buy GPUs. Yeah, you read that right. The whole yield lives or dies on AI demand holding up. There's also a 0.05% withdrawal fee, and during that KelpDAO liquidity mess, instant withdrawals just stopped working, fee or not. #2 - mHYPER (Ethereum) ~9.5% to 12% APY Run by Hyperithm, a licensed shop out of Tokyo and Seoul. Yield comes from looping stables, basis trades, and lending. The book's smaller here (~$120M), so it's less battle-tested than the big curators like Gauntlet. And it did get caught in the Stream Finance blowup. The team pulled the bad positions and isolated the vaults, but I'll be honest, that fix is recent enough that I'm still watching it closely. Use the normal redemption (1 to 3 days) to skip the 0.5% instant fee. And heads up, there's a 20% performance fee on the yield too. #3 - sUSDu by Unitas (Solana or BNB) ~9.5% to 10% APY This one's the most transparent of the three. Proof of reserves across Primus, DeFiLlama, and Dune, weekly audits, backing sitting above 100%. If transparency is what helps you sleep, it's this one. Yield comes from a basket of market-neutral strategies, funding rates, lending, trading fees, JLP capture. Basically a synthetic dollar. The catch here is liquidity. There's a 7-day cooldown after you unstake, and your funds stop earning the whole time. So only park money here you can leave alone for a week or two. None of this is set and forget though. Yields drift, withdrawal terms can bite at the worst possible moment, and liquidity disappears fast when things get hairy (see KelpDAO). That 8-12% is the pay for everything I just walked you through. What are you farming while you wait?