According to official news from Odaily Planet Daily, Bitget Wallet will launch a limited-time USDC staking event from August 5th to September 5th. Users can participate through its Rewards module and stake USDC on the Avalanche chain using the Euler Protocol to enjoy an annualized return of up to 25%. The difference between the current actual Euler yield (approximately 13%) and the event cap will be covered by event subsidies.

Euler is a decentralized lending protocol that supports a decentralized lending market for any asset. Through innovative Dutch auction liquidation and soft liquidation mechanisms, Euler effectively improves asset security and reduces liquidation risk and the probability of MEV attacks.