The most followed native yield stablecoin project on the Solana blockchain is undergoing a new round of financing, and its governance token has officially launched the pre-sale.

There are many ways to play with this stablecoin. In simple terms, you can exchange USDC for it and put it into the yield vault to earn passively. How do you earn? It is achieved through a 1:1 support system with various assets — which includes both traditional asset reserves and hedging trading positions (for example, strategies like going long on BTC spot while shorting BTC futures) to generate returns.

This design concept is quite novel in the stablecoin space. By diversifying assets and having multiple revenue sources, it reduces single-point risk while allowing holders to obtain actual returns. For users who are optimistic about the Solana ecosystem but want stable assets, this type of product indeed fills some gaps.