DWF Labs' synthetic stablecoin product is expected to launch in Q4 of this year to Q1 of next year

ChainCatcher news, DWF Labs co-founder Andrei Grachev announced the details of DWF Labs' synthetic stablecoin product, which is expected to be launched between Q4 2024 and Q1 2025. The expected annual percentage yields (APY) are as follows: stablecoin approximately 12%, BTC/ETH approximately 15%, blue-chip coins approximately 17%, and long-tail altcoins approximately 19%. This synthetic stablecoin features full-chain minting/redemption capabilities and has secured whitelist commitments from its partners for a total locked value (TVL) of approximately $500 million.