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Why does River keep going up?
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In this stage of the DeFi market, many protocols are still relying on subsidies to survive. When the subsidies stop, TVL drops; when incentives decrease, the community scatters? But River's growth path is different. It has hardly relied on issuing extra tokens or inflating APR, yet it has risen to over $500 million in TVL. This is not market luck, but a structural issue.
River's earnings are self-generated by the system. Its satUSD, Vault, and Prime Vault form a closed loop:
User collateral → Generate satUSD → Deposit into Vault → Generate earnings → Flow back to holders
This logic is like a self-sustaining ecosystem, not relying on external blood transfusions. The more people use satUSD, the more earnings the Vault generates, and the more stable the protocol's income!
Another crucial point is that River's locking comes from consensus, not inducement. The Dynamic Airdrop mechanism allows users to decide when to redeem. Redeeming early yields less, waiting longer yields more. Thus, no one needs to be forced to lock up, and no one is in a hurry to sell. This model of exchanging time for trust has instead become the most stable support for River's liquidity.
So River's growth logic is actually quite simple; it doesn't burn money, doesn't distribute rewards, and nourishes the ecosystem through mechanisms. This is already a rarity in today's DeFi environment.
Other projects pile up TVL through incentives, while River maintains it through structure. Perhaps this is why it can keep going up without subsidies!

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