I tested with $10,000: zero wear and tear, annualized 8%, and can earn points (with complete tutorial + screenshots)
Author: fiona.stand, Growth@StandX
On the day the Dow Jones Industrial Average surpassed 50,000 points, Nvidia's market value broke 5.7 trillion, and the Nasdaq hit a new high. Wall Street seems to have rediscovered the money printing machine. At the same time, BTC failed for the fourth time to break 82,000, falling below 80,000.
The U.S. stock market is in a frenzy, while the crypto market is bottoming out.
In the past few years, crypto users have been spoiled by two things: one is 30% APY, only to find that it’s all governance token emissions, and before the earnings arrive, the token price has already dropped by 90%; the other is 3% stablecoin yields, which are safe but like a cup of lukewarm water handed out at a bank counter—it's not hard to drink, but it's also not interesting.
By 2026, mainstream stablecoin yields are mostly squeezed into a narrow range of 3-4%. Coinbase 3.35%, Aave 3.31%, Ethena 3.60%, everyone is lining up under the same interest rate ceiling.
So when I first saw DUSD showing about 8.46% APY, and the earnings settled in DUSD without relying on token subsidies, my reaction was probably the same as yours—is this number real?
After joining StandX, I decided to verify in the simplest and most honest way: by testing it with my own money. $10,000, two accounts, a set of BTC long and short hedge positions, not betting on direction, not chasing hot trends, just seeing if DUSD can really generate money on its own.
Eight days later, the answer came out.
Test Results: $10,000 Principal, 8 Days, Zero Directional Risk Earned $17
Last week, I created two accounts on StandX, each depositing 5,000 DUSD, and hedged against each other using StandX's unique Block Trade feature (one long, one short). The net directional risk was zero—BTC price fluctuations were irrelevant to me.
Current account summary (total for both accounts):
💰 DUSD Yield (Base + SIP-3): $13.47 ($6.81 + $6.66)
💰 Position Yield (SIP-2): $3.44 ($1.72 \times 2)
📊 Total Yield: $16.91, annualized about 7.8%
🎯 Trading Points: 380+ points
⚡ Directional Risk: Zero
🔥 Wear and Tear: Zero
APY Stack shows 8.46% in real-time, and earnings are still growing daily.
📌 Note: Total earnings of $16.91 annualized to about 7.8%, which differs from the 8.46% shown in APY Stack. This is because 7.8% is the historical average from May 7 to 15 over these 8 days, while 8.46% is today's real-time snapshot—recent increases in platform trading volume have boosted fee income, so the current APY is higher than the average over the past 8 days. Over time, the two will converge.
Breakdown of Earnings ── Where the 8.46% APY Comes From
First Layer: DUSD Base --- 1.27%
Basic earnings available to all DUSD holders, sourced from the Funding Rate (similar strategy to Ethena's USDe).
Second Layer: SIP-2 Position Yield Acceleration --- 2.27%
This is a unique mechanism of StandX. Many people's first reaction is "Isn't this just a subsidy?"—it's not. Behind SIP-2 is a carefully designed flywheel logic:
You open a position → platform liquidity increases → trading volume increases → fee income increases → SIP-2 yield increases → attracts more people to open positions.Why does this flywheel work? When you open a position—regardless of whether it's long or short—you are providing the platform with liquidity. The essence of SIP-2 is Protocol Revenue Sharing: the platform returns real trading fees to users who provide liquidity, following the same logical framework as Hyperliquid's fee distribution.
💡 Leverage = Yield Amplifier: 2x leverage corresponds to a 2x boost—if you use 1,000 DUSD to open a 2x position, you are taking on a risk exposure of 2,000 DUSD, and earnings are calculated based on risk exposure rather than principal. The greater the risk, the higher the yield. Logically fair, the bigger the waves, the more valuable the fish.
Third Layer: SIP-3 Universal Fee Distribution --- 4.92%
This is currently the largest source of earnings and the most expansive layer. A portion of the trading fees generated by StandX is directly distributed to every DUSD holder—regardless of whether you have a position, have traded, or have even logged into the platform. As long as you have DUSD in your wallet, you automatically share in this bounty. A true sunshine award.
Key: All three layers of earnings are settled in DUSD (a stablecoin), meaning every penny you earn is real U, with no inflated governance token incentives.
In a World of 3% Yields, Why is 8% Sustainable?
A horizontal comparison makes it clear. By the end of 2025, after the Federal Reserve cut rates three times, the federal funds rate fell to 3.50--3.75%, pushing down the ceiling for "safe yields" in the entire market. From Aave's 3.31% to Ethena's 3.60%, all mainstream stablecoin yield products are squeezed into a very narrow range. DUSD's 8.46% is more than 2 times theirs.
Moreover, this yield is sustainable, not cyclical. Most yield-generating stablecoins (including Ethena sUSDe) heavily rely on funding rates—good in a bull market, but compressed in a bear market. DUSD is different: over 7% of the 8.46% comes from trading fees (SIP-2 + SIP-3), which are unrelated to market direction. As long as there are trades, there will be fee income, and thus earnings. The introduction of SIP-3 is a structural upgrade that spans bull and bear markets—it transforms DUSD from "relying solely on funding rates" to "driven by both fees and funding rates." This is unique among all yield-generating stablecoins.
Just 3 Steps to Zero Wear and Tear to Replicate My Strategy
The entire process takes less than five minutes. You need two wallets, each with 5,000 USDT, and a small amount of BNB for Gas.
Obtain DUSD and Deposit into Perps Wallet
Log into
standx.comon both wallets, go to the $DUSD page, and select Swap (you'll get a few more dollars than Mint) to exchange 5,000 USDT for about 5,002 DUSD. Pay attention to the bottom of the page; our system will kindly inform you that DEX quotes are better.
Account A Creates Block Trade for Long Position
PERPS Block Trade + Open Block, select BTC-USD, CROSS · 2X, Limit price, FullMatch, click LONG PUBLISH ONCHAIN. After publishing, copy the share link to the other wallet.
Account B Accepts Block Trade for Short Position
Switch to Wallet B, find Block Trade, change the leverage to CROSS · 2X (default may be 10X), click JOIN SHORT, Confirm, Publish Onchain.
Done! The two accounts perfectly hedge, left side -$12.20, right side +$12.19, net PnL is nearly $0.
Why is This Strategy "Zero Wear and Tear"?
Previous yield farming felt like working in a factory. You repeatedly opened and closed positions, brushed up volumes, checked in, transferred funds, like an assembly line worker twisting wallet addresses into a machine designed by the project team. In the end, the airdrop came, and the project team said: thank you for participating, but this batch of addresses has low weight. Worse, you didn’t work for free—price differences, slippage, fees, Gas, all cut into your principal. Block Trade is completely different—zero loss in points accumulation, and the principal is still steadily earning money.
Risk Warning
Smart Contract Risk: This is the underlying risk of all DeFi. StandX's contracts have been audited, but no protocol can guarantee 100% safety.
Yield Volatility: 8.46% is not a fixed yield. The Base layer fluctuates with funding rates, and the SIP-2/3 layers depend on platform trading volume. However, the fee-driven structure has better cyclical resilience than a pure funding rate model.
Next Article Preview
I want to discuss StandX from a different perspective. As someone who has previously looked at projects from the VC side and is now working in Growth within the project, I increasingly feel that this team has some aspects that are severely underestimated—such as why some DEX ranked higher than us on DefiLlama have BTC perpetual contract price differences that are actually $20-30 larger than StandX (having good trading volume and good trading experience are two different things), and the design logic behind each product proposal from SIP-1 to SIP-3. A good product that no one knows about is perhaps the most common and regrettable thing in this field. The next article will attempt to fill this information gap.
If you try this strategy, feel free to share your earnings screenshots in the comments.
Disclaimer: I am responsible for Growth at StandX. This article contains personal test data and industry analysis and does not constitute investment advice. DeFi protocol risks include but are not limited to smart contract vulnerabilities, liquidity risks, funding rate fluctuations, etc. DYOR.
Data Source: StandX platform test data (from May 7-15, 2026). All APY data is time-sensitive; please refer to real-time data for accuracy.
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