USDD × Pendle's first incentive campaign has successfully concluded, and the second round, with an increased reward pool of $600,000, is now officially underway

On August 27, the decentralized stablecoin USDD released data on the first incentive campaign for the sUSDD market in partnership with Pendle, and officially announced the launch of the second incentive plan. According to the announcement, the first campaign provided over $300,000 in rewards to the market, driving the sUSDD market's peak TVL on Pendle to nearly $40 million. The total value of the second incentive campaign has been increased to $600,000—double the first round—further boosting user yields. The consecutive rollout of these campaigns demonstrates that the diversified, multi-strategy yield opportunities offered by USDD have gained recognition from both the market and leading platforms, while also showcasing its strength as a stable, secure, and transparent DeFi product.

Strong Performance Marks a Successful Conclusion to the First Campaign

During the first incentive period, USDD collaborated closely with Pendle, providing over $300,000 in rewards to the sUSDD market. During the campaign, the sUSDD market's peak TVL approached $40 million, with PT fixed yields remaining stable above 7%. Additionally, PT-sUSDD was successfully listed as collateral on the Morpho market, allowing users to borrow USDT and USDC. This effectively created demand for looping strategies, further improving capital efficiency and market activity.

As a cornerstone infrastructure of the DeFi fixed-income sector, Pendle's fixed-income market leverages its innovative mechanism of splitting principal and yield rights to offer highly flexible yield management tools. By integrating sUSDD into the Pendle market, the stablecoin's yield model has expanded from simple holding to a diverse range of scenarios, including fixed income, yield trading, and liquidity strategies—deepening USDD's integration into the mainstream DeFi yield ecosystem.

The successful conclusion of the first campaign fully validated the appeal of sUSDD in fixed-income and leverage strategy scenarios, laying a solid foundation for the smooth transition into the second incentive round.

Rewards Doubled: Second Campaign Continues Three Strategies

According to official announcements, the second incentive campaign officially launched on August 27 and will run until November 26, spanning a total of 91 days. The total reward value for this round stands at $600,000, double that of the first. Users whose first-round positions have matured can seamlessly transition and continue participating in compound growth.

Building on the success of the first campaign, the second round's core incentives feature two key highlights. First, the PT initial reward rate is 5%, and users can amplify returns through looping operations on Morpho. Second, the YT initial reward rate is 1%, which will gradually increase as market TVL rises.

To accommodate different risk preferences, the second campaign continues to offer three strategies. In Strategy A, users can purchase PT-sUSDD to lock in fixed returns, optionally combining with looping to amplify yields. In Strategy B, users can hold YT-sUSDD to capture enhanced flexible returns. In Strategy C, users can provide liquidity to earn trading fees and additional incentives.

Users can participate by visiting the campaign page: https://app.pendle.finance/trade/markets/0xbeab098b510f758cd35122ee345957b8eccbb322/sy-converter/unwrap?view=pt&chain=ethereum.

Deepening Multi-Party Collaboration: USDD's Utility Continues to Expand

This renewed partnership with Pendle is a key reflection of USDD's ongoing efforts to expand its ecosystem boundaries and enhance asset utility. Through integrations with mainstream DeFi protocols such as Pendle and Morpho, USDD not only provides users with stable yield-generating channels but also enriches the application scenarios of sUSDD in fixed income, leverage looping, and liquidity provision.

Currently, USDD's circulating supply exceeds $1.5 billion, with protocol TVL reaching approximately $2.22 billion. Cumulative investment returns from Smart Allocator have surpassed $26.25 million. Leveraging the dual security mechanism of "over-collateralization + PSM 1:1 redemption," along with the sustainable yield model of Smart Allocator, USDD is steadily cementing its market positioning as the "yield-bearing USDT."

Through sustained deep collaborations with leading DeFi protocols, USDD is evolving from a standalone stablecoin into decentralized financial infrastructure that combines stability, yield generation, and composability. This not only enhances USDD's market competitiveness but also offers users richer and more flexible asset allocation options, further solidifying its practical value and long-term influence within the DeFi ecosystem.