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Thank you for reading our thread on #LST backed #Stablecoins. Show some love for this thread by replying with your thoughts, 🔁 and ♥!

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7/ Note: Kindly DYOR and ensure to validate the data and references, considering the dynamism and rapid evolution within the DeFi space.

6/ Honorary mentions of the Stablecoins that can also be backed by LSTs: • #DAI through @MakerDAO • #FRAX though @FraxFinance • #GHO through @AaveAave • #crvUSD through @CurveFinance

5.3/ • 🛠️ Interest Rates: 0% • 🛠️ Min CR: 110% (i.e. hard-ceiling for the peg at $1.1) • 🛠️ Redemptions: ✅ with 3% Redemption Fee (i.e. hard-floor for the peg a $0.97) • Sources: https://t.co/cKnXXvciwG; https://t.co/cGM6NuUls9;

5.2/ • 🪙 $15M in Mcap for the #GRAI Stablecoin • 🌊 $8M liquidity on @Uniswap • ⚖️ Currently pegged at $0.98 • 💰 3% fee for redemption and lack of dynamic rates keep it under peg • 💸 Highest Avail Yield: 8.38% (GRAI+FRAXBP on @ConvexFinance )

5.1/ 📊 Constant TVL uptrend and currently in ATH with 34M (of which respectively; rETH with 13.4M, and wstETH with 7.7M, constitute the biggest % share)

5/ @gravitaprotocol <> #GRAI

4.1/ • 📊 TVL 35M (ATH 64M) according to @DefiLlama • 🪙 Almost $22M of Mcap for the #R Stablecoin • 🌊 Deepest pool on @Balancer with 8M Liquidity • ⚖️ Currently pegged at $0.99 • 💸 Highest Avail Yield: 10% through the R Savings Rate

4.2/ • 🛠️ Min CR: 120% • 🛠️ Interest Rates: Fixed between 3% and 3.5% • 🛠️ Redemptions: ✅ in DAI/CHAI • Sources: https://t.co/IXy1LmaUGG; https://t.co/x51ask8xAE;

4/ @raft_fi <> #R 📊 TVL 35m (ATH 64m) according to @DefiLlama

3.3/ • 🛠️ No Redemptions in this case but Dutch Auctions used for Liquidations (13% penalty) • Sources: https://t.co/k8RTKHtVNS;