Growth, advancements, and community engagement

stUSDT solidifies its position in DeFi with groundbreaking RWA integration, $58.6 million in rewards, and record ecosystem growth by 2024.

stUSDT is the first rebasing real-world asset (RWA) stable return protocol on the TRON and Ethereum networks. StUSDT is at the forefront of efforts to narrow the gap between retail and institutional investors and looks back on a strong operational and financial year. The year’s performance was driven by intuitive problem solving and the company’s strong desire to create fair opportunities for everyone to handle real assets.

In 2024, stUSDT continued its involvement in exploring the integration of stablecoins with RWAs. The projects it undertook and the developments it made helped strengthen stUSDT’s position within the DeFi ecosystem and the RWA space. Here are some of the achievements that stUSDT has made in the past year.

Key statistics

stUSDT made substantial progress in several areas in 2024. With 25.5k members, stUSDT had a fruitful year in terms of community involvement. With strike compensation set to zero, the company now has 59.3 million strikers and 353,000 strikers. Additionally, the platform has handed out $58.6 million in rebase rewards. The unlock fee was set at 0.1%. These achievements reflect stUSDT’s public appeal and commitment to affordability.

Product upgrades

2024 was a dynamic year for stUSDT, especially in terms of product upgrades. In September 2024, stUSDT offered a more unified and streamlined user experience by integrating asset investment strategies on Ethereum and TRON.

In November 2024, stUSDT adopted an enhanced strategy combining risk-weighted assets and on-chain investments. This effort was made to improve the APY and generate higher returns for users, while also ensuring their assets were safe.

In July 2024, ChainSecurity conducted a detailed investigation into stUSDT’s smart contract. The resulting report and whitepaper found that no serious or high-risk vulnerabilities were found. This assurance underlined stUSDT’s clear position within the real assets sector.

Ecosystem growth

Thanks to optimized strategies, the stUSDT ecosystem has experienced tremendous growth in 2024. In May, wstUSDT listed on the liquidity-restoring platform Swell L2, diving into the LRT space.

In early 2024, wstUSDT rose to second place according to Total Value Locked (TVL) in the JustLend DAO credit market. Additionally, stUSDT joined HTX DAO’s global ecosystem as a contributor in January 2024, providing insights to enhance HTX DAO’s partnership network and improve its protocol.

Integration

Another reason to celebrate for the stUSDT team is their integration milestones. In January 2024, stUSDT was officially integrated into the DeFi analytics platform DefiLlama, where it was consistently ranked as the second largest Real World Asset (RWA) project by Total Value Locked (TVL).

Community events

In addition to the achievements already mentioned, stUSDT organized numerous events to strengthen its ties with the community. In March, the stUSDT team sponsored an event where participants could share their crypto stories in exchange for rewards.

In August 2024, stUSDT partnered with JustLend DAO and USDD to host a three-phase Summer Airdrop Party. Building on this momentum, stUSDT partnered with web3 task collaboration platform TaskOn in November 2024 to launch a staking promotion.

And finally, stUSDT co-hosted a Christmas celebration event with TaskOn in December 2024, which was a big hit.

Conclusion

Overall, stUSDT has had a prosperous year. By focusing on transformation, the stUSDT team made significant progress on its initiatives. stUSDT has been able to make great strides in growing its ecosystem, advancing its tools, and engaging its community in 2024. Looking ahead, 2025 could be an even more productive year for the protocol.

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