According to PANews, DWF Labs co-founder Andrei Grachev shared the planning of its synthetic stablecoin product on the X platform. The synthetic stablecoin is expected to be released between the fourth quarter of 2024 and the first quarter of 2025.

The expected annualized yields (APY) are as follows: stablecoins approximately 12%, BTC/ETH approximately 15%, blue-chip coins approximately 17%, and long-tail altcoins approximately 19%.

The synthetic stablecoin has full-chain minting/redemption functionality and whitelisted commitments of approximately $500 million in total value locked (TVL) from partners and friends.