# Bybit USDC/USDT0 Yield Layer #### USDe Recursive Staking Strategy in Bybit USDC/USDT0 Yield Layer **Bybit USDC/USDT0 Yield Layer Workflows** * User deposits on Bybit Earn * Bybit consolidates deposits hourly and send all funds to vault address * Bridge USDT/USDC to Ethereum * Mint or swap USDT/USDC to USDe * Supply USDe to AAVE Core Market and borrow USDT * Mint or swap USDT to USDe and stake USDe to sUSDe * Supply sUSDe to AAVE Core Market and borrow USDT and then looping until reaching 2x leverage ### Risks Disclosure **Partner:** **AAVE/Bybit/Mantle/Ethena** * CIAN has an exclusive partnership agreement with AAVE and Ethena **Collateral Asset Situation: USDC/USDT0** * USDC/USDT0 can be borrowed by multiple coins, and there are currently no risky coins * Corresponding risk: No risk **Borrowed Asset Situation: USDC** * Lending and borrowing equilibrium * Corresponding risk: No risk **Liquidity and Deleveraging** * Immediate Exit Liquidity: USDe - 50M, sUSDe - 35M * Exclusive Exit Channel: N/A * Corresponding risk: No risk **USCC Yield Layer Actual LTV:** N/A * USDe Liquidation LTV is 72% and sUSDe Liquidation LTV is 75% * Corresponding risk: No risk **USCC & Superstate Transparency:** * Asset proof is traceable: * Corresponding risk: No risk ### Safety * Multi-Signature for Fund Allocation and Parameter Adjustments: Changes of fund distribution and parameters requires multiple approvals, safeguarding the decision-making process and smart contract’s security. * Complete Contract Implementation for Strategies: Employs full contract implementations for strategies instead of signature filters, enhancing both security and transparency. * Exchange Rate Limitations: Enforces strict internal limits on exchange rates to protect funds during transactions. * Rebalance Mechanism: The Rebalance Mechanism will be triggered when the LTV reaches 66.66%. This additional safeguard is implemented as a proactive measure to mitigate the risk of potential liquidation events, ensuring greater stability and protection for users in volatile market conditions\\ ### Transparent and Secure Governance CIAN uses a transparent and secure governance model to manage the yield layer: * Transparency: All strategies are implemented & executed through smart contracts, meaning every action is fully visible and verifiable by the community. * Flexibility: Our system is designed to quickly incorporate new strategies and adjust existing ones. Changes can be made swiftly and transparently, with a governance process that allows for community control through veto voting. * Security: The open nature of our strategies ensures they can be reviewed and audited by the community, minimizing risks and building trust. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.cian.app/yieldlayer/for-users-quick-start/yield-layer/stablecoin-yield-layer/bybit-usdc-usdt0-yield-layer.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.