Everyone is earning interest on stablecoins right now. One relatively stable approach is to buy U.S. Treasury bonds to trap stablecoins, while another is to do basis trading with stablecoins, and then leverage DeFi lending to act as a yield booster.

Multipli mainly relies on arbitrage of funding fees on CEX to generate interest for stablecoins, supporting users to deposit USDT, USDC, and WBTC on Ethereum and BSC. It is important to note that withdrawals take 7-10 days.

- TVL over $60m, mainly consisting of Ethereum USDC, which was mostly deposited from February to May. After May, TVL growth has been quite slow, likely due to lower yields, currently around 5%.

- WBTC has a hard cap of $5m, with 44 WBTC already deposited; USDC and USDT still have available limits.

- The number of accumulated depositors is about 10,500, and in the last two to three months, there have been mostly withdrawers every day.

- Why are there mostly withdrawers, but the TVL hasn't changed much? Because the net deposits of the top four depositors have all exceeded 13 million USD, with a total net deposit of 58.8 million USD from these four, accounting for nearly 90% of the total TVL. It's a bit exaggerated, perhaps the project party doesn't know where to get the money to support the scene...

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