A growing realization lately:

If stablecoins don't generate yields, they're actually slowly shrinking.
Many people have a bunch of USDT or USDC sitting in their wallets, but in an inflationary environment, these funds don't really grow.
Recently, I've been trying a plan: putting some stablecoins into Phoenix Finance's $yPUSD .
Its logic is quite straightforward:
• $PUSD: Settlement stablecoin
• $yPUSD: Yield version of the stablecoin
• Yield source: RWA (Real World Asset) cash flow
Currently, the APR is over 20%, with about 4–5% coming from the underlying asset returns; the remaining subsidies come from the profits Becker, the funding party, earned over the past year, essentially using historical gains to incentivize early users.
There are two points I focus on:
First, the flexibility.
Holding $yPUSD allows you to redeem stablecoins at any time without locking your assets.
Second, the genuine yield structure.
It's not based on token printing but from RWA assets.

If you're just holding stablecoins idly, participating in Phoenix Finance's flexible yield pool to experience high APY is also a good idea. Earning points is just a bonus, and there might be additional surprises if there's a token issuance in the future.
#PhoenixFinance #DeFi #RWA #yPUSD #PUSD