Recently discovered an interesting strategy: if you hold yield-bearing stablecoins like PT-USDe or USDe, you can actually achieve quite impressive compound returns through lending markets.

The core idea is straightforward — use yield-bearing stablecoins as collateral, borrow USD1 stablecoins for investment. Let's look at the numbers: holding PT-USDe itself generates 5.54% base yield. Pledge it as collateral (collateralization ratio up to 80%), borrow USD1 at 1.87% cost, then invest USD1 into flexible investment products with stable annual returns around 20%.

Here's a concrete example — in PT-USDe can borrow in USD1. Depositing into investment pools with 20% annualized returns generates yearly. The cost of borrowing USD1 is only ( × 1.87%), netting a spread of . Plus the base yield from PT-USDe itself, total income approaches , with composite annualized returns well over 24%.

Why is this so low-risk? Because the collateral itself is yield-bearing, so your assets continuously generate cash flow and won't stop growing due to arbitrage. Plus, the borrowing process carries no liquidation risk — collateralization is sufficiently safe, and USD1's price remains relatively stable. This strategy is particularly suitable for investors with spare capital who don't want to take excessive risk, allowing funds to truly work harder.

The key is that the entire process has minimal opportunity cost, with every stage of capital generating yield. Compared to traditional wealth management or simply holding coins, this compound yield efficiency is notably superior.