APY: USDC Yield on Sonic Reaches 5.11%, DeFi Far from Peaking

BlockBeats News, May 9th, Andre Cronje shared in a post that the annualized yield for USDC on the Sonic Network has reached 5.11%, while the yields for USDT and ftUSD on Ethereum have reached 5.27%.

Andre Cronje emphasized that this yield does not rely on token incentives, subsidies, or point systems, nor does it require loop leverage, staking unlock periods, or exit queues, while supporting instant redemption and liquidity.

He stated that DeFi has yet to reach its peak, "there is still a lot of space worth exploring and building in the on-chain world."