Charles Hoskinson Praises Cardano DeFi as Stablecoin Yields Surge
Photo: CoinCentral
TLDR Charles Hoskinson praised Cardano DeFi after Strike Finance reported stablecoin returns exceeding 54% APR. Strike Finance combined RealFi yield products with its borrowing and liquidity vault services. RealFi reportedly issued over $7.6 million in stablecoins and tokenized funds on Cardano. RealFi’s total value locked surpassed $5.1 million, according to figures attributed to Token Terminal. Strike’s advertised yields remain variable, while collateral-backed borrowing carries liquidation risks. Cardano founder Charles Hoskinson praised the network’s decentralized finance sector after Strike Finance reported an annual percentage rate above 54% for a USD stablecoin vault. The update followed Strike’s integration with RealFi.
Source: CoinCentral
