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- 🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
🆘 #Gate 2025 Semi-Year Community Gala# | Square Content Creator TOP 10
Only 1 day left! Your favorite creator is one vote away from TOP 10. Interact on Square to earn Votes—boost them and enter the prize draw. Prizes: iPhone 16 Pro Max, Golden Bull sculpture, Futures Vouchers!
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Post your - 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
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📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
📌 How to Participate
1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ - 💙 Gate Square #Gate Blue Challenge# 💙
Show your limitless creativity with Gate Blue!
📅 Event Period
August 11 – 20, 2025
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1. Post your original creation (image / video / hand-drawn art / digital work, etc.) on Gate Square, incorporating Gate’s brand blue or the Gate logo.
2. Include the hashtag #Gate Blue Challenge# in your post title or content.
3. Add a short blessing or message for Gate in your content (e.g., “Wishing Gate Exchange continued success — may the blue shine forever!”).
4. Submissions must be original and comply with community guidelines. Plagiarism or re
Yield stablecoins lead a new wave of innovation in asset issuance.
Yield-bearing stablecoin: A new round of asset issuance innovation
Stablecoins are becoming a market consensus. The interest-bearing stablecoin (YBS) is a new form of stablecoin that follows the on-chain banking logic of savings and loans, deconstructing the power of asset issuance. The history of the crypto industry is a history of innovation in asset issuance models, and this time it is relatively mild under the banner of stability.
Stablecoins originated from Bitcoin, but Bitcoin, as an unanchored currency system, cannot maintain stability. USDT was the first to attempt within the Bitcoin ecosystem, later transitioning to the exchange valuation domain. Fiat stablecoins were born from this, and the mechanism is not complicated; it only requires trust in the issuer and market recognition.
The DAI issued by MakerDAO adopts an over-collateralization mechanism, which has long been the only choice for on-chain stablecoin issuance. The subsequent history of cryptocurrency is a story of how to reduce the collateralization ratio. The failure of UST has led to the downfall of algorithmic stablecoins, while hybrid mechanisms like Frax have become mainstream.
Yield-bearing stablecoins require both a yield mechanism and a stablecoin mechanism. The sources of yield-bearing assets mainly include two methods: on-chain usage of pledged assets and off-chain usage of yield-generating assets such as US Treasuries, which can also be used in combination. A complete yield-bearing stablecoin protocol typically includes the stablecoin and its staked version, as well as the main protocol token and its staked version.
After screening, there are currently about 50 active mainstream yield-bearing stablecoin projects in the market. They mainly compete in the retail market for interest calculation, pricing, and payment scenarios. Most projects achieve functionality by combining other protocols, similar to the early DeFi Lego blocks.
Emerging interest-bearing stablecoin projects with significant future potential may include Resolv, Avalon, Falcon, Level, and Noon Capital. These projects need to focus on sustainable profitability and principal security. The development of interest-bearing stablecoins will be a new round of asset issuance innovation in the cryptocurrency field.