There is a new Stablecoin Airdrop on Solana (quick tl;dr) @reflectmoney protocol backed by @a16zcrypto, raised $3.74M with USDC+ stablecoin APY 6% right now Using 10k USDC to mint USDC+ will get you only, 9879 USDC+ The yield comes from Cross Margin (Lending), the protocol invests that USDC into other high-liquidity lending protocol and margin markets to earn interest Currently, they're using Drift for it, and USDC+ grows in value relative to USDC Stats they have right now: > 4844 users > $10M deposit cap > $37k in distributed yield > $8.3M minted UDC+ The USDC+ product has only 1 audit completed, then next product USDJ (Delta-Neutral Funding Rate Capture) is not live yet By minting, swapping, holding you receive Reflect points every day that would be converted into tokens The cool new features is "Insurance yeild" where you can protect you stables from strategy losses and earn yield from protocol fees In short: Would I use it? Probably no for now, but when insurance yield from protocol fees will go live, I wanna try it