Cardano stablecoin USDrf offers 49.31% yield on Strike as Bodega lists $1 million deposit market

RealFi’s dollar-pegged token USDrf is offering a 49.31% annualized yield on Strike Finance, according to a Techub summary citing BeInCrypto. The token is backed by off-chain real-world assets, including direct corporate loans, U.S. Treasuries, and floating-rate bonds. Users can stake USDrf to receive sUSDrf, which can then be posted as collateral on Strike to borrow other assets. Strike data showed about $119,200 in related loans. The product has also become the subject of a prediction market on Cardano. Founder Charles Hoskinson proposed a market on whether USDrf deposits on Strike can reach $1 million, and Cardano-based prediction platform Bodega later listed that market. Strike’s official data showed its vault rising from roughly $100,000 to $150,000 within one hour on Oct. 17. Code files for RealFi indicate that protocol reserves would absorb losses before sUSDrf holders. Separately, as of Oct. 8, a single holder controlled about 66% of the RealFi staking vault, which held roughly 2.58 million USDrf.