According to BlockBeats, on July 17th, River established a full chain circulation system based on stablecoins, aiming to link liquidity, revenue, and contributions between multiple ecosystems.
Officially announced support for SolvBTC collateral to mint stablecoin satUSD on BNB Chain, with TVL growing to $400 million within the day; Users can mortgage assets such as BTC, ETH, BNB, etc. to obtain liquidity at a 0% interest rate without selling their positions, and maximize their returns through repeated operations. Those seeking stable returns can also pledge satUSD to receive an annualized return of 13%.
The ecological product River4FUN has nearly 20000 participants, and it is announced that a "Creator Voting" will be launched this week for users to pledge and vote for creators on BNB Chain. The top 30 will receive a total of 3 million River Pts.
