stUSDT in 2024: Growth, Progress, and Community Engagement
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stUSDT has experienced significant progress in 2024, particularly in terms of real-world asset (RWA) integration, ecosystem growth, and community activity. As the first RWA-based stable yield protocol on the TRON and Ethereum networks, stUSDT is committed to narrowing the gap between retail and institutional investors and providing users with more opportunities to participate. Here are stUSDT’s key results over the past year and its future outlook.
Key Metrics for 2024
Community expansion and member growth: In 2024, stUSDT successfully attracted 25,500 members. With zero staking fees, the platform gained participation from 59.3 million stakers and 353,000 stakers, reflecting the protocol’s strong performance in terms of user appeal.
Reward distribution: The platform has issued $58.6 million in rebase rewards. In addition, the unlocking fee is set at 0.1%, further improving the affordability and user attractiveness of the platform.
Product and technology upgrades
Integrating TRON and Ethereum: In September 2024, stUSDT provided a more streamlined and unified user experience by integrating asset investment strategies on Ethereum and TRON.
Integration of RWA and on-chain investing: In November 2024, stUSDT further enhanced its product features to integrate RWA and on-chain investing strategies. The core purpose of this upgrade is to increase the annualized yield (APY) while ensuring the safety of user assets.
Smart contract review: In July 2024, ChainSecurity conducted a review of stUSDT’s smart contracts, and the report showed that the platform had no serious or potentially risky vulnerabilities. The results of this review significantly enhance stUSDT’s trust in the RWA space.
Ecosystem growth and expansion
wstUSDT is launched on Swell L2: In May 2024, wstUSDT was launched on the liquidity re-pledge platform Swell L2 and successfully entered the LRT (liquidity re-pledge) field, marking the expansion of stUSDT in the DeFi field.
TVL and JustLend DAO: In early 2024, wstUSDT ranked second in the JustLend DAO lending market with total locked value (TVL), laying the foundation for stUSDT’s influence in the DeFi ecosystem.
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