Andre Cronje: Onchain margin lending enables 14.56% returns on USDC and USDT

Andre Cronje: Onchain margin lending enables 14.56% returns on USDC and USDT
Onchain lending enables 14.56% USDC yields

Andre Cronje, chief technology officer at Sonic Labs (formerly known as Fantom), highlighted returns of 14.56% on USDC and USDT on Ethereum, and 9.65% on USDC and USSD on Sonic.

These yields are enabled by FT margin lending and come with features such as circuit breakers, timelocks, extensive audits, and geo-distributed signers. Cronje emphasized that everything is onchain with instant liquidity and no reliance on curators or subsidies.

Cronje previously reported that FT's first major drawdown event saw just $50,000 liquidated through equity account based lending. He also highlighted that users could earn up to 18.50% on USDC or USSD via ftUSD, with BTC and ETH borrowing rates below 1 percent. These earlier disclosures follow ongoing developments in FT margin lending.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
Weekly Top Bonuses
up to $2,500
deposit bonus for all clients
CLAIM BONUS
Your capital is at risk.