TechFlow reports that on September 24, Andrei Grachev, co-founder of DWF Labs, disclosed on social platform X that the company's synthetic stablecoin product is expected to launch between Q4 2024 and Q1 2025, featuring the following:
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Expected annual percentage yield (APY): approximately 12% for stablecoins; around 15% for BTC/ETH; about 17% for blue-chip tokens; roughly 19% for long-tail altcoins;
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Cross-chain minting and redemption capabilities
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Approximately $500 million in total value locked (TVL) whitelist commitments secured from partners and friendly institutions
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