Solana USD DeFi Earn
Comparable to an "Automated Spread-Capturing Intermediary."
Solana USD DeFi Earn Source link: https://unitas.so/
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Sources of Yield:
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Primary Source: Trading fees and protocol revenue sharing.
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Secondary Source: Traders' losses, hedging spread, and other fee differentials.
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Key Feature: Yield is tied to market trading activity, aiming for stable returns independent of crypto price volatility.
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Operating Mechanism:
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Users deposit USD stablecoins to obtain the protocol's soft-pegged stablecoin USDu. They can stake USDu to receive interest-bearing tokens sUSDu (agreement sharing: 80% of the platform's revenue is distributed to sUSDu holders).
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The protocol allocates users' funds into a liquidity pool to act as the counterparty to traders (75% of trading fees from Jupiter Exchange are proportionally distributed to liquidity providers). The protocol employs financial instruments for risk hedging, ensuring locked-in returns regardless of market fluctuations.
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AAVE USDT/USDC DeFi Earn & Compound USDT/USDC DeFi Earn
Both operate like an "automated lending market," with highly similar mechanisms.
AAVE USDT DeFi Earn Source Link: https://app.aave.com/reserve-overview/?underlyingAsset=0xdac17f958d2ee523a2206206994597c13d831ec7&marketName=proto_mainnet_v3
AAVE USDC DeFi Earn Source Link: https://app.aave.com/reserve-overview/?underlyingAsset=0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48&marketName=proto_mainnet_v3
Compound USDC DeFi Earn Source Link: https://app.compound.finance/markets/usdc-mainnet
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Sources of Yield:
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Primary Source: Lending spread; interest paid by borrowers, the majority of which is distributed to users (depositors), while a small portion is retained by the protocol as revenue.
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Key Feature: Yield is directly correlated with market demand for borrowing. When many participants seek leverage (e.g., in a bull market), deposit rates increase accordingly.
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Operating Mechanism: Users deposit digital assets (e.g., USD stablecoins, ETH) into the protocol’s "liquidity pool", similar to depositing money in a bank. Other users can use their crypto assets as collateral to borrow money from this pool of users and pay interest. Meanwhile, the agreement will automatically manage the collateral rate and liquidation risk.
Comparative Summary
| Project | Key Difference | Core Mechanism | User Role | Main Source of Yield | Simple Analogy |
| Solana (Unitas) | High-growth protocol | Market-making & hedging | "House-like" role in a trading platform/Liquidity Provider in a trading platform | Trading fees, protocol revenue sharing, hedging gains | Shareholder of a securities firm, earning from transaction cuts |
| Aave/Compound | Stable protocol | Peer-to-peer lending | Bank-like "Depositor" | Lending interest | Traditional bank savings account, earning the spread |
Tips:
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To earn from trading activity, independent of bull markets → choose Solana USD Yield protocols (growth-focused strategy pools).
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To earn from borrowing demand, usually higher in bull markets → choose AAVE or Compound Yield protocols (conservative strategy pools).
Important Notice
All yields from BenPay DeFi Earn come from third-party on-chain DeFi protocols. Yield levels fluctuate dynamically in response to market conditions and protocol operations. Past performance does not guarantee future results and should not be viewed as a promise or assurance of future returns. Special note: All on-chain products inherently carry risks from market volatility and potential losses. Users should carefully assess their own risk tolerance and allocate assets prudently before investing.