DWF Labs Plans Synthetic Stablecoin Launch With Attractive APY

According to PANews, Andrei Grachev, co-founder of DWF Labs, shared details about the company's upcoming synthetic stablecoin product on the X platform. The launch is expected between the fourth quarter of 2024 and the first quarter of 2025. The anticipated annual percentage yields (APY) for the synthetic stablecoin are as follows: approximately 12% for stablecoins, around 15% for BTC/ETH, about 17% for blue-chip coins, and roughly 19% for long-tail altcoins. The synthetic stablecoin will feature cross-chain minting and redemption capabilities. Additionally, DWF Labs has secured whitelist commitments totaling around $500 million in total value locked (TVL) from partners and friends.