Recently, a leading exchange launched an interesting on-chain yield program in collaboration with the Arbitrum ecosystem – a savings product that supports USDT and USDC. The data is quite eye-catching, with USDC offering an annualized yield of 12% and USDT at 7%, which is still attractive for stablecoin holders.

There are two highlights in the product design. The first is complete flexibility with no lock-up period, allowing for deposits and withdrawals at any time, which is indeed much more convenient compared to those fixed-term products. The second is the use of an independent address mechanism, where each account has its own dedicated on-chain address to store assets, making fund isolation relatively clearer and more transparent. This solution operates on Arbitrum, leveraging the high efficiency of the Layer 2 network.

For users who want to generate returns from USDT and USDC while maintaining liquidity, these products are indeed worth a look. The yield benchmarks against the market level, plus a flexible deposit and withdrawal mechanism, are quite competitive.