River's initial USDT Smart Vault allocation is $10 million. The vault reached its capacity within 12 hours, with an expected annual percentage yield (APY) of 40%.

BlockBeats News, September 11th: The River Protocol abstract stablecoin system opened its first USDT Smart Vault at 10:00 PM Beijing time on September 10th, with a cap of $10 million and an expected annualized yield of 40%. Within 30 minutes of opening, $6.7 million had been deposited, surpassing $9 million within 1 hour, and reaching full capacity within 12 hours.

The Smart Vault is based on the Omni-CDP mechanism, allowing users to earn interest with a single click after depositing USDT. The system will automatically mint satUSD to be added to the collateral pool, integrating both DeFi and CeDeFi strategies to provide users with sustainable and risk-free stable returns, while also receiving River Pts as an additional incentive. In the future, it will gradually support more assets such as BTC, ETH, and open up institutional-grade yield strategies.

Over the past 2 months, River has accumulated over $600 million in TVL, with over $100 million in satUSD circulation. Its stablecoin ranking on DeFillama has risen to 27, and it has integrated protocols such as Pendle, Euler, and ListaDAO.