Small Mine: A stablecoin with more than 190% APR? In the past few days, community friends have discussed this in the group, and just glanced at this coin again and studied it. The APR is mainly subsidized by Hyperion, and the USDA is a new protocol, Auro, which is now TVL 1.9M, and no relevant financing and background information can be found. The minting method is not new, it is to mortgage APT or LST APT assets, and then borrow and mint. What got me interested in it was APR on the one hand, and USDA on the other hand, the simple and easy to remember name. The stablecoin minted in the same way as it, I am most familiar with lisUSD, but it is not so eye-catching, Lista did not name it well, and it is mainly responsible, if it is called USDB, it is not bad (it turns out that Binance's stablecoin is called BUSD), hahaha. However, the stablecoin minted by Lista can also use non-public chain native tokens, and if you can only use BNB or LST/LRT BNB or wrapped BNB to mint stablecoins, with the financing of the public chain background, it should be more relevant. The use of public chain native tokens to mortgage lending to mint stablecoins can also be used as another way to lock up and increase the TVL of public chains, and stablecoins are already a general trend. It is estimated that in the future, all public chains will have their own stablecoins that can only be minted by staking the native token of the public chain. Note: The above is only for information sharing, not investment advice, please do your own research! DeFi enthusiasts: BitHappy