Lido Staked Ether price

How to choose a decentralized stablecoin? Compare USDe, DAI, USDD As we all know, both presidents and traditional industry giants have begun to lay out stablecoins, and there are two categories of stablecoins: decentralized stablecoins and centralized stablecoins. 1/ First of all, the casting method As a stablecoin, the minting method is also very important, and the most comprehensive method is friendly to both novices and Defi veterans. USDe Stake ETH or stETH through the Ethena platform and participate in the delta-neutral strategy to generate USDe. ETH is required. DAI Staking ETH, WBTC, and other crypto assets through Maker Vault to mint DAI while paying a stability fee. USDD Stake TRX, sTRX, USDT through USDD Vault to mint USDD or use USDT through the PSM module on the official website to exchange USDD in 1:1 two-way exchange. 2/ Secondly, there is an essential discussion of unanchored risks The biggest concern for stablecoins is nothing more than the risk of de-pegging, just like UST and Luna in the past, which are gone, so if you want to achieve stable profits, you need to care about the stability method and whether there is a risk of de-pegging. USDe USDe maintains a 1:1 USD peg through a delta-neutral strategy, relying on algorithms and market arbitrage. However, hedging strategies may fail in extreme market conditions, leading to short-term deanchoring. Historical data indicates that USDe has experienced short-term depegging. DAI DAI maintains a 1:1 peg to the US dollar through over-collateralized crypto assets, relying on smart contracts and arbitrage mechanisms to adjust supply and demand. If the price of the collateral asset plummets, liquidation may be triggered, leading to a decrease in the supply of DAI and short-term de-anchoring. USDD USDD maintains stability through the overcollateralization + PSM module, and the PSM module accounts for more than 90%, so there is no need to worry in extreme market conditions, because it can be exchanged in both directions 1:1 at any time. 3/ Finally, the yield we care about After the security is determined, we definitely need to choose a stablecoin with a suitable yield to use or stake to make a profit, here we intercept the official income of the three stablecoins. USDe The yield of the USDe official protocol is relatively volatile, reaching a high of 28% in the past year, a low of about 3.5%, and the latest data is around 9%. DAI DAI's yield on AAVE is about 3.24%, which is low in the recent market, and other protocols have slightly higher returns but smaller TVL. USDD USDD has a yield of about 6% in the officially supported JustLend, and can reach a yield of 8~10% in some CEXs, which is very stable. So which one do you think is better for you? @justinsuntron @usddio_cn @usddio

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