On-chain Yield: Mitosis USDT Pool APY reaches 23.83%, Syrup USDC Pool APY reaches 9.19%

BlockBeats News, August 26th, according to DefiLlama data, the Total Value Locked (TVL) of SUSDE (Ethena USDe) is currently $55.96 billion, with an Annual Percentage Yield (APY) of 8.41% and a unstaking period of 7 days. Maple Finance's Syrup USDC TVL is $21.67 billion with an APY of 9.19%. The TVL of SUSDS (Sky Lending) is $18.85 billion with an APY of 4.75%.

In addition, Binance has launched the second season of the Mitosis (MITO) Booster activity, with the BNB pool currently offering an APY of up to 18.85% and the USDT pool offering an APY of up to 23.83%. This activity allows users to deposit BNB or USDT through the Binance Wallet into the Simple Yield Mitosis Treasury to receive MITO rewards, totaling 7 million MITO rewards. The activity does not set an Alpha Points threshold. Users can redeem assets through the Mitosis DApp, but it's important to note that the BNB redemption process may take up to 10 days, and the USDT redemption process may take up to 5 days.