According to Foresight News, DWF Labs co-founder Andrei Grachev released the product details of DWF Labs synthetic stablecoin, which is expected to be released between the fourth quarter of 2024 and the first quarter of 2025, with the following expected annualized yields (APY): stablecoins about 12%, BTC/ETH about 15%, blue-chip coins about 17%, and long-tail altcoins about 19%. The synthetic stablecoin has full-chain minting/redemption functions and has obtained a whitelist commitment of approximately $500 million in total locked value (TVL) from its partners.