Low Yield for Stablecoins

let's be honest, people were happy when terra was around. users are getting high yields for stable tokens and DeFi was getting more cash flow from traditional finance. But the risk was high and people didn't see the risk.

Now when I was writing this usdc was affected due to traditional finance and people are looking for better stable tokens. But we have a stable token that is over-collateralized. But if the DeFi is not great it will die.

stablecoin works when the Demand for it increases people will mint more stablecoin, but the demand for stablecoin is not as UST. In terra's case, it had a ~19% APY, what about other stablecoins?

you may think "A stablecoin is a type of cryptocurrency that is designed to maintain a stable value relative to a specific asset or basket of assets. This is in contrast to other cryptocurrencies such as Bitcoin or Ethereum, which can be highly volatile and experience significant price swings."

I agreed but why is cryptocurrency stablecoin? They can withdraw it from the DeFi ecosystem. The APY DeFi provides for stablecoins are not attractive. This may lead to cash flow from DeFi to traditional finance and cash will flow in when the bull run starts. This will affect DeFi protocols and will force the protocol to shut down. we have seen it, and people think this is healthy but DeFi is not a pump and dump and we need stable and sustainable cash flow. A sustainable cash flow will help the protocol work in a bear market, which means even if the price of tokens is down but the activity on DeFi is increasing.

So bringing a high-yield platform for the stablecoin will attract lots of users but we need to use that stable token to provide liquidity or to increase the DeFi activity. So we have found a way and we present the PLIT protocol.