🎯 New BOLD Yield Pool

A new concept is emerging: **crypto-backed stablecoins** as an alternative to traditional fiat-backed options like USDT. **Key implications:** - Could generate **$135 billion in additional crypto demand** - Tether unlikely to switch from current Treasury-backed model - Alternative "crypto dollars" already available for users **Market context:** - Stablecoin market projected to reach **$1.2 trillion by 2028** - Current growth driving $5.3B weekly demand for US Treasuries - Policy makers see stablecoins boosting US bond demand While USDT maintains its Treasury backing, crypto-native alternatives offer a different approach to stable value storage.

**BOLD token maintains extremely low borrowing rates** with some users accessing funds at just **0.5% - significantly below market rates**. **Key factors driving low rates:** - BOLD trading at peg maintains stability - Minimal redemption risk reduces pressure - No redemptions occurring currently **Risk considerations:** - Market conditions can shift rapidly - Rates may increase if circumstances change - Users should monitor conditions closely **Benefits for borrowers:** - Among the lowest rates available in DeFi - Rate management can be automated - Significant cost savings compared to alternatives The combination of peg stability and low redemption activity creates favorable borrowing conditions, though users should remain aware that these advantageous rates depend on current market dynamics.

**Ebisu Finance** has launched on Plasma, offering users new DeFi lending options. **Key Features:** - Borrow at **fixed interest rates** using XPL, syrupUSDT, sUSDAI and other assets - **Loop yield-bearing stablecoins** for enhanced returns - Earn **passive yield** through the Stability Pool This follows recent developments on Plasma, including Pendle's PT-USDe and PT-sUSDe integration with Aave, which has driven fixed yields up to **21% higher** than other chains. **Current Opportunities:** - $2.8B USDT at 4.1% APR (including 1% XPL APR) - $585M USDe at 3.1% APR The platform leverages Aave's proven lending infrastructure while offering direct XPL incentives to yield token holders.

**BOLD supply and TVL reach record levels**, driving protocol revenue higher in a self-reinforcing cycle. **Key metrics:** - 523K BOLD distributed through PIL program - $45K earned by LQTY stakers in bribes - Revenue growth fuels higher PIL rewards and bribes **The symbiotic system works:** As BOLD adoption increases, rewards grow for all participants. **For LQTY stakers:** Vote on liquidity allocation. New Uniswap v4 proposal aims to deepen liquidity pools. **For projects:** Propose initiatives to earn sustainable stablecoin rewards. **For borrowers:** Access DeFi's lowest borrowing rates. Check the [protocol dashboard](https://dune.com/liquity/protocol-incentivized-liquidity) for real-time metrics.