The first USDT Smart Vault quota of US$10 million is fully deposited for 12 hours, with an expected annualization of 40%

According to BlockBeats, on September 11, the River Chain Abstract Stable Coin System opened its first USDT Smart Vault at 10:00 p.m. Beijing time on September 10, with a quota of US$10 million and an expected annualized return of 40%. 30 minutes after opening, $6.7 million was deposited, exceeding $9 million in one hour, and finally the full amount was fully deposited in 12 hours. Smart Vault is based on the Omni-CDP mechanism, and users can earn profits with one click after depositing USDT. The system will automatically cast satUSD to invest in the pledge pool, and integrate DeFi and CeDeFi strategies to bring users stable returns without liquidation risks and sustainable; at the same time, River Pts is obtained as an additional incentive. In the future, more assets such as BTC and ETH will be gradually supported, and institutional-level income strategies will be opened. River has accumulated over US$600 million in TVL and over US$100 million satUSD circulation in the past two months. The DeFillama stablecoin ranking has risen to 27, and has integrated protocols such as Pendle, Euler and ListaDAO.