According to @EmberCN, River will open a USDT Smart Vault on Sep 10 at 22:00 with a 45-day term and 40.8% APY. source: @EmberCN on X; app.river.inc/smart-vault The tranche is capped at 10 million dollars and the author expects it to fill quickly. source: @EmberCN on X Deposits are accepted in BTC, ETH, or USDT, and returns come from strategies executed across DeFi and CeDeFi. source: @EmberCN on X The Smart Vault is positioned as simpler than CDP protocols, with funds locked then principal plus yield returned at maturity. source: @EmberCN on X It claims no liquidation risk due to the satUSD minting mechanism. source: @EmberCN on X River is described as the first chain-abstraction stablecoin system, reporting 600 million dollars in TVL and 270 million satUSD minted. source: @EmberCN on X The system allows posting collateral on one chain and minting satUSD on another, improving speed and reducing bridging fees versus the usual collateralize-then-bridge flow. source: @EmberCN on X; twitter.com/RiverdotInc/status/1964975530291470556