Cardano Stablecoin Offers 50% APR. What’s the Catch?
Bodega Market now lets customers guess on whether or not RealFi’s Cardano stablecoin reaches $1 million in deposits on Strike Finance. Cardano founder Charles Hoskinson referred to as for the guess whereas its Strike market lists a yield close to 50%.
However, the yield-bearing token incomes that charge absorbs portfolio losses earlier than strange holders do.
What Backs a Cardano Stablecoin Paying Near 50%?
RealFi points USDrf, a dollar-pegged token backed by off-chain real-world assets. The crew says direct lending to companies types the core of the portfolio, alongside Treasury payments and floating-rate bonds.
Holders of the Cardano stablecoin can stake it for sUSDrf, whose worth strikes with that portfolio. According to RealFi’s code submission on GitHub, protocol reserves take losses first, adopted by sUSDrf holders.
Strike Finance, a Cardano perpetual futures change, additionally lets customers borrow in opposition to deposited belongings. It now accepts sUSDrf as collateral. Its dashboard listed a 49.31% APR, with roughly $119,200 in loans backed by the token.
By comparability, three-month US Treasury payments yielded about 4.3% on October 15, Federal Reserve knowledge reveals. Strike additionally permits a most loan-to-value (LTV) ratio of 100%, so customers can borrow the collateral’s full worth.
Yet RealFi’s web site doesn’t clarify how the yield behind that charge is generated.
Why Bettors Now Track a Single Vault
On October 17, Strike stated its vault held near $100,000 of the Cardano stablecoin. Within an hour, it reported one other $50,000 in deposits.
Meanwhile, the change’s personal token, Strike (STRIKE), trades roughly 77% beneath its August 2025 record high.
Hoskinson then requested who would checklist a market on the vault hitting $1 million. He tagged Bodega, which payments itself as Cardano’s prediction market. Later, Bodega confirmed the market was dwell.
Still, possession stays concentrated. On October 8, a single holder managed about 66% of RealFi’s staking vault, the GitHub submitting reveals. That vault held roughly 2.58 million USDrf. A $1 million mark on Strike would due to this fact place a big share of that offer on one outdoors app.
Beyond one vault, Cardano is courting regulated finance, from a brand new token compliance standard to partnerships in Brazil. Consequently, the $1 million guess exams whether or not Cardano stablecoin deposits continue to grow at present yields. It additionally reveals whether or not they unfold past a couple of massive holders.
The put up Cardano Stablecoin Offers 50% APR. What’s the Catch? appeared first on BeInCrypto.