Earn 5.41% APY on USDT and USDC, Andre Cronje notes

Earn 5.41% APY on USDT and USDC, Andre Cronje notes
5.41% APY on USDT and USDC

Andre Cronje, chief technology officer at Sonic Labs (formerly known as Fantom), notes that a base annual percentage yield (APY) of 5.41% is currently available on USDT and USDC.

This figure is provided before accounting for additional incentives, points, or liquid rewards.

Cronje previously outlined onchain earnings with reported 7.49% yields on USDC and USDT and $1.3 million available for buybacks in a recent report. He has also highlighted excitement for total return swaps and noted developments in the PUT system in a separate update. These reports provide additional context to the current APY figures at Sonic Labs.

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