Lending

In lending protocols, there are two primary strategies to amplify your stgUSD yield:

1. Lending (Simple Supply, Low Risk)

   1. Supply tgUSD: Earn protocol interest

   2. Supply stgUSD: Earn protocol interest + stgUSD APY

2. Looping (Leveraged Yield Strategy)

   1. By supplying ➜ borrowing ➜ restaking into stgUSD, you can compound your position multiple times, maximizing exposure to stgUSD APY.

For example, EVAA and Factorial are two lending protocols on TON that can support these strategies.

Each time tgUSD or stgUSD is borrowed or minted, market demand increases—indirectly boosting tgUSD TVL and creating a virtuous cycle.

Strategy Type	Steps	Yield Source / Advantage	Risk Warning
Supply tgUSD / stgUSD	1. Supply tgUSD or stgUSD 2. Hold the deposit receipt to earn interest	- Lending protocol interest (higher demand = higher rate) - stgUSD supply earns additional APY	- No liquidation risk- Exposed only to rate volatility and protocol safety
Supply PT → Borrow stgUSD	1. Supply PT (fixed yield) 2. Borrow stgUSD	- Combined yield from PT + stgUSD APY - Leverage amplifies stgUSD returns	- Rising borrow rates may shrink or reverse the yield spread - Liquidation risk of collateral
Supply stgUSD → Borrow tgUSD → Stake tgUSD (→ stgUSD)	1. Supply stgUSD as collateral 2. Borrow tgUSD 3. Stake borrowed tgUSD back into stgUSD, and repeat	- Both collateral and borrowed assets end up in stgUSD → maximized APY exposure	- Rising borrow rates may shrink or reverse the yield spread - Liquidation risk of collateral

Borrowers and lenders can both decide between tgUSD and stgUSD based on real-time borrow rates. Depending on market conditions, one asset may offer better capital efficiency or higher yield potential than the other.

The above strategies are just a few possible pathways. In practice, users can mix and match protocols, adjust leverage levels, or combine them with other mechanisms to fit their individual goals and risk tolerance.