Earning 30%+ APY With tsUSDe Pools on TON

On the TON blockchain, tsUSDe liquidity pools are delivering eye-popping yields north of 30% APY. By supplying tsUSDe stablecoins into paired pools—commonly tsUSDe/TON or tsUSDe/USDC—you can earn swap fees, token incentives, and TON staking rewards, all composited into a single performance metric.

What Is tsUSDe?

tsUSDe is a wrapped, yield-bearing version of USDe—the native TON stablecoin pegged 1:1 to USD. It accrues protocol-level interest through automated lending on ReFi protocols and governance token distributions, enabling pools to pay out at elevated APYs.

Pool Mechanics

Liquidity providers deposit equal values of tsUSDe and a counter-asset (e.g., TON) into an AMM pool. Traders pay a 0.3% fee on each swap, which is split among LPs. Additionally, governance incentives—such as TON emissions—are distributed pro rata to LP stakers each block.

Yield Drivers

• Swap Fees: Active trading in tsUSDe/TON pools generates substantial volume-driven fees.
• Token Incentives: Protocol rewards in TON tokens for LP staking on Swapp and Invisible.
• Staking Rebates: Some platforms rebate a percentage of staking rewards to pools.

Combined, these streams can exceed 30% APY when pools are deep and trading volume stays robust.

How to Participate

1. Acquire tsUSDe: Mint by depositing USDe via ReFi bridge or swap USDC for tsUSDe on major DEXs.
2. Choose a Pool: Popular pairs include tsUSDe/TON on Swapp and tsUSDe/USDC on Invisible.
3. Provide Liquidity: Connect a TON-compatible wallet (e.g., Tonkeeper), deposit equal values.
4. Stake LP Tokens: Lock LP tokens in the pool’s staking contract to start earning incentives.

A small test deposit—€50 worth—can confirm your setup before moving larger sums. Monitor your APY and reward accrual dashboards daily.

Risks & Mitigation

• Impermanent Loss: Price swings in TON vs. USD can reduce net effective yield.
• Smart-Contract Risk: Bugs in pool or staking contracts could expose funds.
• Liquidity Risk: Rapid withdrawals by others can widen spreads and impact exit prices.

Mitigate by diversifying across multiple pools, using time-weighted average price (TWAP) limit orders, and capping individual pool exposure to under 20% of your stablecoin holdings.