On September 24th, Andrei Grachev, co-founder of DWF Labs, shared on the X platform his planning for the details of DWF Labs' synthetic stablecoin product. The release time of the synthetic stablecoin is expected to be from the fourth quarter of 2024 to Quarter 1 in 2025. The expected annualized return (APY) is as follows: about 12% for stablecoins, about 15% for BTC/ETH, about 17% for blue chips, and about 19% for long-tail counterfeit products. The synthetic stablecoin has a full chain minting/redemption function and a whitelist commitment of about $500 million in total lock value (TVL) from partners and friends.