On-chain Yield: Mitosis USDT Pool APY reaches 37.71%, Syrup USDC Pool APY reaches 9.18%

BlockBeats News, August 19th, according to DefiLlama data, the Total Value Locked (TVL) of SUSDE (Ethena USDe) is currently $55.53 billion, with an Annual Percentage Yield (APY) of 7.28% and a unstaking period of 7 days. Maple Finance's Syrup USDC TVL is $22.09 billion with an APY of 9.18%. The TVL of SUSDS (Sky Lending) is $17.47 billion with an APY of 4.75%.

In addition, Binance has launched the first season of the Mitosis (MITO) Booster activity today at 8:00. Currently, the BNB pool offers an APY of up to 72.91%, and the USDT pool offers an APY of up to 37.71%. This activity allows users to deposit BNB or USDT into the Simple Yield Mitosis Treasury through the Binance Wallet to receive MITO rewards, with a total reward of 15 million MITO, and the activity does not set an Alpha Point threshold. Users can redeem assets through the Mitosis DApp, but it is important to note that the BNB redemption process may take up to 10 days, and the USDT redemption process may take up to 5 days.