USD1 is a highly transparent stablecoin backed 1:1 by USD cash and US Treasuries. Users can lend via DeFi protocols like Dolomite. Recent updates show highly concentrated funds by the WLFI team on Dolomite, pushing WLFI collateral utilization near its cap. The current USD1 lending rate is ~5%, and the supply rate is 10.64% when including WLFI rewards via Merkl (this extra reward event is expected to end around April 16, 2026). Users must be alert to concentration risks, liquidation thresholds (triggered if WLFI drops ~75%), and rate sustainability. Those concerned can withdraw USD1 while liquidity is available.
Source Bloggers
S小C风BS阿吴
Created At
(UTC+0) 2026/03/05 15:33
Updated At
(UTC+0) 2026/04/13 00:44
Deadline
(UTC+0) 2026/04/16 04:00
Expected Reward
1Base lending yield of ~5%, reaching a 10.64% supply rate with Merkl WLFI rewards (note: extra rewards ending soon); Potential prediction market airdrop rewards; $aliens pool yield
Requirements
1Closely monitor real-time APY before depositing USD1 (currently ~10.64% with Merkl rewards); 2. Beware of WLFI's high concentration risk and liquidation threshold on Dolomite (triggered if WLFI drops 75%); 3. Monitor team collateral and repayment updates; withdraw USD1 while liquidity is available if risk-averse; 4. Note smart contract risks and the sustainability of subsidy-driven high APYs; 5. Participate in USD1 prediction markets or the $aliens pool.